2010/10/22

Reuters - G20 statement to pledge commitment to market FX rates
Reuters reports: "Group of 20 finance leaders will pledge on Saturday to commit themselves to pursue market-determined exchange rates and refrain from 'competitive devaluation' of their currencies, a G20 source said."

Comment: I expect this meeting to be very contentious and would not be surprised to see some surprises from China on behalf of emerging economies.

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