国际英语新闻：No major trading partner manipulates currency: U.S. Treasury

On a nominal effective basis, the dollar depreciated by 3.2 percent against the 17 currencies covered in the report in the second half of 2009, and appreciated by 2.8 percent through the first five months of 2010.

The report showed that except Brazil, the U.S. bilateral trade imbalances moderated in 2009 against all other economies covered in this report, and the country's current account deficit is at its lowest level in over a decade.

The report also provided a general assessment of the U.S. and world economy. The U.S. is now in its fifth quarter of economic growth, with an average growth rate of 3.5 percent per quarter on an annualized basis, well above the 2.4 percent weighted-average growth rate of other G-7 economies.

"The world economy was pulled back from the brink and has resumed growth, but a durable recovery is still not fully secure," the report noted.

The International Monetary Fund (IMF) now expects the global economy to grow 4.6 percent in 2010, which is nearly 2.5 times the pace of growth projected in the spring of 2009.

International trade has increased sharply and has nearly returned to its pre-crisis level following a collapse in value of more than 35 percent between the second quarter of 2008 and the first quarter of 2009, said the report.