G20 Shanghai preview - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at TD Securities noted the meeting of finance ministers and Central Bank governors this weekend in Shanghai.

    Key Quotes:

    "While we think a formal G20 currency intervention is unlikely, odds are rising that some form of statement is released acknowledging currency misalignment and stating that countries are "monitoring exchange rate developments".

    We're already seeing more vocal questioning of the adjustment of currency markets from the Fed’s Yellen, BoJ’s Kuroda, PBoC’s Zhou, and RBA Deputy Governors, as well as action from Banxico & Bank of Korea that is consistent with a weakening of the USD against some--but not all--currencies, which could boost commodity prices."
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