November’s Seoul G20 has been on the radar for ages but the market has only recently got seriously fixated by this weekend’s Washington IMF meeting.
It seems unlikely that any meaningful action on currencies will be agreed this weekend. On Tuesday Simon Derrick at BNY played down the possibility of any result from Seoul too: “It seems likely that calls for some kind of currency accord will rise in volume in the days ahead (the latest came from the Institute of International Finance overnight).
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