G20 leaders back currency depreciation to boost growth

http://online.wsj.com/articles/g-20-leaders-back-aggressive-stimulus-1423587402?mod=rss_economy

ISTANBUL—The world’s top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy.

Newsletter

Zero spam.

The support by finance ministers and central bankers from the Group of 20 largest economies for mass monetary easing—policies that have weakened exchange rates from Europe to Japan—is at odds with the traditional view that currency depreciation could have damaging effects on other economies.

It also reflects worry that economies in much of the world could get stuck in a low-growth rut without decisive cash injections from central banks. It marks an implicit acknowledgment of the failure across the globe to enact longer-lasting structural overhauls to major economies after years of relying on short-term spending and other temporary stimulus programs.

3rd Party Advertisement


Read Original Story...
HEADLINES
Canada, Mexico and Japan want to revive the Trans-Pacific Partnership free trade deal
Global stocks edge up, dollar suffers worst week in year amid Trump’s own Watergate
‘Wannacry’ ransomware attack estimated at $4 billion in losses
Global equity markets, dollar edge higher ahead of first meeting between Trump and China’s Xi
G20 failure to agree on resisting protectionism considered as setback for Germany
Global stock market near record highs, dollar slips after Fed’s rate hike
About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

Speak Your Mind

*

Newsletter

Zero spam.