TPP countries strike deal against currency manipulation
The 12 member states of Pacific trade deal sign declaration vowing comprehensive disclosure of FX data
Members of the Trans-Pacific Partnership (TPP) have agreed to refrain from manipulating their currencies and to disclose monthly foreign exchange reserves data as part of the free trade agreement.
The 12 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – said in a joint statement on November 5 they will ensure currencies are fairly valued.
"Each authority will refrain from competitive devaluation and will not target its
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