G-20 Says Volatile Currencies Pose Risk After Dollar Surges

Global finance chiefs identified volatile currencies as a threat to an improving world economy, signaling for the first time that they may be concerned by a surging U.S. dollar.

“There are important challenges including volatility in exchange rates,” central bankers and finance ministers from the Group of 20 said in a statement after talks in Washington on Friday. Countries can use capital controls “as appropriate” to deal with large and volatile flows in cross-border funds, according to the statement.