Friday, August 3, 2007

APEC Finance Ministers Say Flexible Currencies to Reduce Global Imbalances

(Bloomberg) -- Currency ``flexibility'' will reduce
imbalances in the global economy, according to a draft communique
from an Asia-Pacific finance ministers meeting.

``Orderly'' control of ``global imbalances remains a
priority,'' the ministers said in the draft statement from the 21-
member Asia Pacific Economic Cooperation forum meeting in Coolum,
Australia. The statement didn't mention specific currencies.


Read more at Bloomberg Emerging Markets News

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