At a meeting in South Korea over the weekend, the G-20 finance ministers promised to avoid weakening currencies to lift exports. They agreed to try to reduce trade imbalances, but stopped short of setting specific targets, as had been proposed by the U.S., Bloomberg reported.
In a surprise move, however, the finance chiefs also vowed to give emerging nations a bigger voice in the International…
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G-20 Meeting Doesn’t Stop Dollar’s Slide originally appeared on DailyFinance on Mon, 25 Oct 2010 08:15:00.