As reported by Market Leader (US)
G20 Central Banks Will Not Engage in Currency Interventions?
During the G20 Summit held in Gyeongju, South Korea, finance ministers of member states supported the intention to pursue an aligned policy aimed at eliminating currency market imbalances characterized as currency wars. This need emerged long ago and was caused, as Market Leader has already reported with a reference to experts of the Masterforex-V Trading Academy, by:* eagerness of most G20 nations to artificially weaken their own national currencies to promote exports of their goods;
* a trade war between China and the US;
* currency interventions of the Bank of Japan;
* devaluation of China’s national currency by its government in the context when the yuan should grow according to estimates of US Congress experts.