US Treasury official briefs press ahead of G7
A US Treasury official briefed reporters on the US agenda and priorities:
– Treasury Sec to emphasize global FX commitments at G7
That final comment is a direct jab at Japan, which has been using the word ‘disorderly’ to describe FX movements as a precursor to intervention. The thinking is that Japan won’t intervene before the G7 could might after the meetings.
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