G7 want Asian FX rise, no dollar fall- IIE

The Group of Seven leading industrial nations want to put pressure on China and other Asian nations to let their currencies rise, a leading IIE economist said on Monday 26 January.

"They (the G7) want to put pressure on the Asians, particularly China, to let their currencies rise in value and they want to do all this without moving too fast so that would risk a free fall in the dollar," Fred Bergsten, director of the Institute for International Economics in Washington, said after attending a m

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