IMF's Rajan says US dollar fall is a wake-up call

International Monetary Fund research department director and economic counsellor Raghuram Rajan told the Australasian Finance and Banking Conference in Sydney that the depreciating US dollar is a wake-up call and urged policymakers to pay attention to the problem of global imbalances.

"Nothing as yet suggests private investors have lost their appetite for US assets. However, there is a small but growing risk that they will," he said.

Rajan said it should be noted that if exchange rates turn dis

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