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G20 Draft Contains Pledge To Refrain From Competitive Devaluation
Bloomberg has obtained a draft copy of the statement. G20 members recognize growth is still weak Members recognize important risks remain G20 committed to avoiding FX rate misalignment Policy uncertainty and deleveraging hurt growth Important risks remain Stronger economic and monetary union needed US and Japan need to resolve fiscal uncertainties It’s the usual platitudes but USD/JPY has been knocked down to 93.00. I don’t see anything alarming in the statement. In any case, the rhetoric never amounts to action.
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- Feb 14, 2013 10:18am Feb 14, 2013 10:18am
- IberoForex
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- Exodus
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Carbon-Dioxide: the gas of life!
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- espen
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- Chartenger
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Living the currency lifestyle! ... so I need more sleep.