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G20 takes harder line on currencies

Posted on 19 February 2013

G20 finance chiefs sharpened their stance against governments trying to influence exchange rates as they sought to tame speculation of a global currency war without singling out Japan for criticism.
Two days of talks between G20 finance ministers and central bankers ended in Moscow on Feb 16 with a pledge not to “target our exchange rates for competitive purposes”, according to a statement. That’s stronger than their position three months ago and leaves Japanese officials under pressure to stop publicly giving guidance on their currency’s value…………………………………….Full Article: Source

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