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G-20 Affirms No-Devaluation Pledge, to Consult on Currencies

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G-20 Affirms No-Devaluation Pledge, to Consult on Currencies – Bloomberg

Finance chiefs from the Group of 20 agreed to consult closely on foreign exchange markets and reiterated past pledges to refrain from competitive devaluations.

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Sterling Hits 7-Year Low as Brexit Concerns Intensify

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Sterling Hits 7-Year Low as Brexit Concerns Intensify – Reuters

The British pound traded near $1.39 for the first time in seven years on Wednesday, while the cost of hedging against sharp swings jumped to their highest in more than four years as concerns that Britons could leave the European Union deepened.

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G-20 Likely to Reiterate Currency Commitments, Treasury Official Says

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G-20 Likely to Reiterate Currency Commitments, Treasury Official Says – The Wall Street Journal (subscription)

Global financial leaders likely will reiterate previous currency policy commitments, a senior U.S. Treasury official signaled Monday, despite concerns that lackluster growth around the world may tempt some countries to use devalued currencies to juice exports.
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Chinese Securities Regulator Is Out, but Little May Change

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Chinese Securities Regulator Is Out, but Little May Change – The New York Times (subscription)

As China’s economic woes intensified, the nation’s top securities regulator appeared to have the support of the Communist Party leadership, even when his efforts to stabilize the stock markets faltered and in some cases made matters worse. Just weeks ago, he issued a lengthy defense of his record and the securities agency aggressively denied reports he had offered to resign.
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