Forex markets aren't now out of line with fundamentals - US Treasury official

 

US Treasury official briefs reporters ahead of G20

  • FX markets aren't now out of line with fundamentals
  • G20 will include questions on Brexit and FX
  • Reiterates that question is if China allows yuan appreciation

Looks like the US is easing off the FX manipulation campaign. They're probably trying to avoid turning it into a campaign issue.

Reason: