A senior U.S. Treasury official, reported in the Wall Street Journal, says the G20 meeting is likely to reiterate previous currency policy commitments
- The meeting is of finance ministers & central bankers from the Group
- In Shanghai late this week
The unnamed US official said exchange-rate commitments in previous G-20 communiqués have been "constructive and helpful, and I think nicely articulate the rules of the game"
- "We will emphasize the importance for all G-20 members to honor their commitments to avoid persistent exchange-rate misalignments and not target exchange rates for competitive purposes"
