Aso speaking in parliament again
- Says Mnuchin knows markets, can talk on that basis
- Mnuchin understands its hard to include FX in trade deals
- There was a request from the US on FX in TPP talks, there was no deal on FX in TPP
-
There ya go .... it would be nice to get more detail on what was proposed on forex in the TPP.
-
More;
- FX intervention is approved by the G7 and G20
- A weaker USD and the Fed raising rates is a contradiction
- What is a good FX level is different depending on industry
- G7 and G20 have agreed that its bbest if FX is set by the market
Headlines via Bloomberg