| U.S. Treasury Secretary Jack Lew said Tuesday that he doesn't expect an all-out global currency war anytime soon. Such risks are now "greatly, greatly reduced" after discussions held at a summit of G20 central bank and finance ministers over the weekend in Shanghai, Lew told a news briefing in Hong Kong.
"It adds a new commitment, which means there won't be any surprises," he said. "You won't see countries acting in a way that triggers the kind of competitive devaluation that leads to a currency war -- that's very important."..............................................Full Article: Source
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