Reuters reported Wednesday that global policymakers clashed over currency policies at a scheduled press conference about the IMF's Economic Outlook Report as Western leaders warned China and other emerging markets that widespread efforts to weaken exchange rates threatens to derail economic recovery.
According to the Reuters report, U.S. Treasury Secretary Timothy Geithner said countries with large trade surpluses must let their currencies rise lest they trigger a devastating round of competitive devaluations.
See the entire IMF webcast here: 0900/1300 - IMF holds news briefing to release its World Economic Outlook report.
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