NUSA DUA, Indonesia (Reuters) – The International Monetary Fund’s steering committee said on Saturday the group’s members pledged to refrain from competitive currency devaluations and not target exchange rates to gain an advantage.
The members also recognized the need to continue to step up dialogue on trade and improve the World Trade Organization, the International Monetary and Financial Committee (IMFC) said in a communique.
“We acknowledge that free, fair, and mutually beneficial goods and services trade and investment are key engines for growth and job creation,” the communique said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.