TPP countries strike ‘unprecedented' deal against currency manipulation
12 member states sign declaration vowing FX data disclosure
The members of the Trans-Pacific Partnership (TPP) have agreed to disclose monthly foreign exchange reserves data and refrain from manipulating their currencies as part of the proposed free-trade agreement.
In a joint declaration, the 12 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Vietnam – say they will take "policy actions to... avoid persistent exchange rate misalignments" and ensure their currencies are fairly valued.
"Each
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