It’s the traditional pre-G20 curtain-raiser, an off the record briefing by a senior administration official (almost assuredly Brainard, the undersecretary of international affairs).
- China’s currency is undervalued
- Brazil’s currency may be overvalued
- The G20 is unlikely to agree on monitoring guidelines for global imbalances
Expect the G20 to come and go with lots of hot air but nothing market moving…
