G-20 Officials Say Currencies Reflect Economic Trends Not War
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Global finance chiefs dismissed speculation the world is sliding toward a 1930s-style round of currency devaluations, indicating their acceptance of the dollar’s recent surge and declines in the euro and the yen.
As talks of finance ministers and central bankers from the Group of 20 got under way in Istanbul, U.S. and European officials said recent exchange-rate fluctuations mirrored trends in economies rather than outright efforts to secure a competitive advantage to boost growth.