NAFTA Nations Said Likely to Adopt Non-Binding Currency Pledge
U.S., Canada, and Mexico would promise to avoid devaluing their currencies for competitive purposes.
By Andrew Mayeda and Eric Martin, Bloomberg|October 19, 2017 at 05:41 AM|Originally published on Treasuryandrisk.Com
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NAFTA negotiators are working on a side deal for the U.S., Canada and Mexico to make a non-binding pledge to avoid devaluing their currencies for competitive purposes, according to three people familiar with the matter.