ATHENS: US Treasury Secretary Jacob Lew on Thursday called on top economies to refrain from competitive currency devaluations. It was apparently directed at China, which hosts a G20 finance ministers’ meeting this weekend.
“The global outlook . . . underscores our focus on the commitment made at the last G20 in Shanghai to consult closely with one another on exchange rate policy, and to refrain from competitive devaluation,” Lew said during a visit to Athens.
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