The world’s largest developed nations reaffirmed their commitment not to target exchange rates in a statement on Tuesday aimed at addressing concerns over a fresh round of global currency wars.
In a move widely seen as an attempt to defuse tensions over recent rapid moves in the currency market, the Group of Seven countries – comprising the US, the UK, France, Germany, Italy, Canada, and Japan – said they would “consult closely” on any action in foreign exchange markets.
“We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not target exchange rates,” the ministers and governors said.
您已阅读37%（717字），剩余63%（1247字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。