US to take up currency issues at G-20 talks | Bangkok Post: business - News Summed Up

US to take up currency issues at G-20 talks | Bangkok Post: business


US Treasury Secretary Steven Mnuchin speaks at a press briefing at the White House on Feb 14, 2017. (Reuters photo)WASHINGTON - US Treasury Secretary Steven Mnuchin will take up currency issues during a meeting of Group of 20 finance chiefs next week, a senior Treasury Department official said on Thursday. President Donald Trump's remark Wednesday that the US dollar "is getting too strong" suggests Mnuchin may express preference for a weaker dollar during the two-day meeting of G-20 finance ministers and central bank governors from Thursday in Washington. "We will emphasise that currency issues are important aspects of making sure the global economy is fair, sustainable and balanced in terms of its growth going forward," the Treasury official told reporters, requesting anonymity. The official said the United States does not anticipate the 20 major industrialised and developing economies will issue a communique after the meeting, noting that they just did so at their last gathering in mid-March in Germany.


Source: Bangkok Post April 14, 2017 01:07 UTC



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