You are here

Did G-20 meeting lead to a secret Shanghai Accord?

Slew of measures by policymakers to keep currency markets calm gives rise to suspicion of a backroom deal

BT_20160319_KVACCORD19_2175190.jpg
CAPPING THE SURGE: Behind the suspected agreement is the belief that a further major US dollar rise against the euro and the yen would be bad for the global economy.

Washington

POLICYMAKERS across the world are acting in ways that suggest there may have been more to last month's Group of 20 meeting in Shanghai than mere platitudes about promoting global economic growth.

In the past few weeks, officials from China, the euro area, Japan, the

sentifi.com

Market voices on: