US Treasury official briefs reporters ahead of G20
– FX markets aren’t now out of line with fundamentals
– G20 will include questions on Brexit and FX
– Reiterates that question is if China allows yuan appreciation
Looks like the US is easing off the FX manipulation campaign. They’re probably trying to avoid turning it into a campaign issue.
Forex markets aren’t now out of line with fundamentals – US Treasury official
ByAdam Button
Jul 18, 2016