Financial Regulatory Forum

ANALYSIS-China FX move only a minor aid to G20 rebalancing

By Brian Love

PARIS, June 21 (Reuters) – G20 leaders are likely to remain divided over how to balance the global economy at their summit in Canada this weekend, despite China’s decision to let its currency trade more freely.

Beijing’s abolition of the yuan’s 23-month-old peg against the U.S. dollar, announced on Saturday, may partially ease tensions at the meeting by clearing the way for appreciation of the Chinese currency in the long term.

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G20 ministers to keep stimulus, seek ways to coordinate economies

Britain's Chancellor of the Exchequer Alistair Darling speaks at a Thomson Reuters newsmaker event in London October 21, 2009. REUTERS/Andrew Winning (BRITAIN BUSINESS POLITICS)   By Sumeet Desai
ST ANDREWS, Scotland, Nov 6 (Reuters) – The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.

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