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Commodities Briefing - Categorized | Currencies, Market Moves more

Key emerging economies must let currencies rise: IMF

Posted on 29 October 2010

From Indiatimes.com: Key emerging economies running trade surpluses must “begin in earnest” to allow their currencies to appreciate to help rebalance global demand , the International Monetary Fund urged on Thursday.
The IMF said in a surveillance note to G20 leading economies that trade imbalances would not correct themselves and required policies to smooth the distortions creating large surpluses in some countries and big deficits in others……………………………………….Full Article: Source


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