Don't want that dollar going too high

A senior US treasury official says that it is important that the G20 reaffirms commitments to refrain from competitive currency devaluation.

The official adds:

  • G20 should reaffirm commitments to not target exchange rats to gains a competitive trade advantage
  • US is committed to open and fair trade with level playing field for US workers and firms
  • US Treasury Secretary Mnuchin will be pushing hard for G20 to advance US interests in Macroeconomic policies, exchange rate policies.