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Currency War Fears Prompt G20 to Act

The United States and China have agreed to do what they can to avoid a currency war, according to a White House statement issued before the opening of the Group of 20 nations meeting Sunday in the Chinese lake city of Hangzhou. The move reflects rising fears that some countries might forcibly devalue their currencies to protect falling exports, and hurt their competitors. "The United States and China jointly reaffirm their G-20 exchange rate commitments, including that...

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