| From WSJ: South Africa signaled Tuesday it won't join countries acting to weigh on their currencies despite the growth-hampering impact of a stronger rand, saying that it looks to the upcoming meeting of the Group of 20 industrial and developing countries for a coordinated approach.
Finance Minister Pravin Gordhan cautioned Tuesday against competitive action to depress currencies, which he said may eventually lead to a trade war as countries establish barriers to protect their own economies and jobs..............................................Full Article: Source
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