“We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not target exchange rates,” they said. “We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will continue to consult closely on exchange markets and cooperate as appropriate.”
Wed, Feb 13, 2013 - Page 5 News List
US calls on G20 to avoid competitive devaluation
CONTROLS:The head of the US delegation to the G20’s meeting this week said that the group must do more to ensure that market forces determine exchange rates
AFP, WASHINGTON and LONDON
This story has been viewed 2343 times.
Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.
Listing from 2016-04-26 to 2016-05-03
- Most read
- Most e-mailed
1China plans to build on Scarborough Shoal: report
2US senators urge more operations in South China Sea
3US opposes Chinese coercion
4ANALYSIS: Chinese ‘fishing militia’ trained for S China Sea
5Groups call on US to support Taiwanese sovereignty