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Mnuchin Warned by Japan, Germany as G-20 Sees New Economic Order

From bloomberg.com

Within hours of being sworn in, U.S. Treasury Secretary Steven Mnuchin’s counterparts from Tokyo to Berlin started telegraphing warnings to him: Please don’t call the yen weak. Be careful how you talk about cutting financial regulations -- Europe is listening. As President Donald Trump waited a few weeks for the U.S. Senate to confirm his Treasury secretary pick, the world watched as he and his advisers talked down the dollar and called out China and Japan for gaming foreign-exchange markets.“These are negotiating tactics -- they are trying to send a signal that they don’t want to see the dollar appreciate too much,” ... (full story)

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