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G20 Reassurances Not Enough To Stop A Currency War

By John Richardson PRESIDENTS XI Jinping and Barack Obama have made a commitment to avoid competitive currency devaluations at the G20 summit in Hangzhou. The fact sheet released by the two presidents also contained this statement: [China will] “continue an orderly transition to a market-determined exchange rate, enhancing two-way flexibility. “China stresses that there is […]

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