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'Currency wars': new phase with US Treasury action?

Japan and China among five economies in fresh list used by Washington to monitor what it calls potentially 'unfair' practices in foreign exchange policy

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WATCHING THE YEN: The US Treasury Department said it assessed current conditions in the dollar-yen foreign exchange market as 'orderly' - in an apparent gesture of opposition to possible market intervention, to which Japanese officials alluded recently, Kyodo reported.

Frankfurt

SO-CALLED "currency wars" appeared to have entered a new stage at the weekend after the US Treasury Department announced that it was including Japan and China among five economies in a new US government list used to monitor what Washington calls potentially "unfair" practices in