U.S. Treasury Under Secretary Lael Brainard on Friday warned the world's biggest economies against taking unilateral steps when it comes to exchange rates."All the members of G20 need to deliver on a commitment to move towards a market-determined exchange rate and refrain from competitive devaluation," she said in a speech at a financial conference. "For the adjustment process to work globally, G20 members will have to bring their exchange rate frameworks into alignment so that we grow together and avoid a downward spiral of beggar-thy-neighbor policies,"
Putin Urges G20 Ministers To Consider Social Cost
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