The U.S. has kept 11 countries, including South Korea, China, and Japan, on its list of countries to monitor for currency practices.
This is according to the U.S. Treasury Department's first foreign exchange report released under the Biden administration on Friday.
The latest report reviewed the currency activities of key U.S. trading partners over 12 months.
Vietnam and Switzerland were deleted from the list of currency manipulators, and put on the enhanced monitoring list along with Taiwan.
Being put on the monitoring list has no particular disadvantage, but countries labeled as currency manipulators could face sanctions from the U.S.