According to online reports, according to people familiar with the matter, U.S. officials negotiating trade agreements around the world have not tried to include exchange rate policy commitments into the terms of the agreement. Foreign exchange markets are fluctuating violently over concerns that the Trump administration intends to push the dollar down or use trade negotiations to achieve that goal. The Korean won surged nearly 2% against the U.S. dollar on Wednesday, the yen also strengthened, and the New Taiwan dollar rose to a multi-decade high earlier this month. The source said that U.S. Treasury Secretary Basent is the only member of Trump's economic team responsible for exchange rate affairs and does not authorize other officials to conduct exchange rate policy consultations with trading partners. Relevant negotiations will only begin when he personally participates.