- IMF and G20 to seek currency appreciation in a more cooperative fashion
- Emerging economies should accept appreciation of their currencies.
So says the IMF chief economist.
Risk aversion is on the rise this afternoon as US share prices reject their fresh trend highs and gold extends its pullback from the $1385 peak from last Friday. It is now at $1319.
EUR/USD is holding above 1.3900, now at 1.3910 from 1.3904 lows.
