Headlines from the IMF report to the G20
- US dollar has depreciated modestly toward medium-term fundamentals
- Near term risks to global economy have eased but growth will be slow to pick up
- US must act early to raise debt ceiling to avoid market turmoil
- Financial conditions in emerging markets set to ease in short run but mon pol may have to tighten
The IMF headlines are countering the drop in USD/JPY from the Philly Fed.