G20 summit will seek to ease the foreign exchange market tensions Strategy.

<P Align=center> </ P> on June 26 -27, held the G20 summit in Toronto (profile picture) <P align=left> 9 月 30 news, 28 South Korean officials said, because European and Asian countries .competitive currency devaluation led to expansion of international exchange rate policy differences, the Group of 20 (G20) leaders may be in the November summit in Seoul before the end of foreign exchange market tensions ease countermeasures. .Brazilian government to consider increasing capital inflows, said tax to curb the appreciation of their currencies strong. .</ P> <P> Chairman Sagong a South Korean president said in an interview, the policymakers are talking about the recent exchange rate policy, is expected they will be meeting in Seoul to be a compromise, but he did not say what kind of program. .</ P> <P> According to Taiwan's "Economic Times" message, until recently, said Brazilian Finance Minister Mantega countries in the world compete to boost exports and domestic currency devaluation, the International Monetary war has broke out. .This month also broke the Japanese intervention to maintain the position for six years, joined the camp of the Asian and Latin American countries, by selling the yen against the dollar, yen gains inhibition. .</ P> <P> 2008 年 since the G20 countries began a summit, world leaders have promised not to erect trade barriers, protectionism is rampant in the 1930s to prevent paralysis of the global economy history repeat itself. .</ P> <P> despite claims G20 pledged to defend the free market exchange rates, currency devaluation competing countries, it is an indisputable fact. .Beijing authorities in June announced a relaxation of the RMB exchange rate flexibility, rose against the dollar so far only 2%; the Brazilian government position to buy more dollars to suppress the strong gains in Brazil Lille; South Korea and Thailand and other Asian countries have also recently sold its .currency exchange rate to rise block. .</ P> <P> New York, Mellon Bank (Mellon) Mellor, currency strategist pointed out that the Federal Reserve (Fed) to consider taking more stringent measures to boost the economy may lead to a weaker dollar, other countries have to promote their national currency to depreciate in response to .. .He said: "Fed policy is bound to make more central banks intervene, the dollar is under huge pressure." </ P> <P> for countries to take the expense of others part of the exchange rate policy to boost export competitiveness, the Brazilian Central Bank President Mei .Lei Laisi 29, Brazil will not be submissive stressed, is considering raising foreign capital through tax to suppress Lille gains. .</ P> <P> He said: "Clearly a serious international monetary problems, though not to evolve into a currency war, but to find solutions without delay. Brazil does not intend to practice a few countries pay the price. We have .2% tax on foreign investment, raising taxes is not impossible. "</ P> <P> Brazil in October last year, Brazil announced the purchase of foreign bonds and stocks of local tax of 2%, but this is not Lear surged almost suppressed .up. .Finance Minister Mengdi Jia, 29, said that no plan to increase foreign tax rate, but also revealed that if the exchange rate depreciation rate is not enough, will consider taking other measures. .</ P>.