Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration
Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"
Foreign exchange analysts had broadly anticipated the U.S. Treasury designation for the two countries
The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar
Gold prices fell on Thursday as US Treasury yields and the dollar rebounded, while investors awaited details on incoming US President Joe Biden's coronavirus stimulus proposal
The US Treasury has, while branding Switzerland and Vietnam as currency manipulators, added India, Taiwan and Thailand to its 'Monitoring List'
Others on the list include China, Japan, Korea, Germany, Italy, Singapore and Malaysia
The reason why India was put on the half yearly monitorin list along with nine others, was that it had a 'material' current account surplus and engaged in 'persistent, one-sided intervention'
Having removed the manipulator label from China in January, the Treasury urged the world's second-largest economy to "improve transparency" in its currency management
The United States is facing economic crises again and it is essential to move with urgency, Treasury Secretary-nominee Janet Yellen said
In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence
US President Donald Trump's administration has expressed national security concerns over the app, claiming it could be used for Chinese espionage and threatening to ban it
Yellen is seen returning clarity on the U.S. strong-dollar policy, stabilizing the $6.6-trillion-a-day currency market that's the backbone of global finance and commerce
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789
The US is starting the 2021 budget year the way the old year ended, with soaring deficits
The US Treasury has sanctioned two high-ranking Hezbollah officials, including a former military commander in the country's south.
Trump ordered ByteDance last week to divest TikTok's US operations within 90 days
Treasury officials also announced that the government plans to borrow $1.22 trillion in the October-December period
Congress must act decisively to avoid repeating mistakes of the recovery from the Great Recession, writes former chairman of the Federal Reserve
"China's secrecy, deceptions, and cover-ups allowed it to spread all over the world and China must be held fully accountable."