Finance leaders fail to resolve currency dispute

Martin Crutsinger
Associated Press

WASHINGTON — Global finance leaders have failed to resolve deep differences that are threatening the outbreak of a full-blown currency war.

Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard economic times.

The International Monetary Fund wrapped up two days of talks in Washington on Saturday with a communique that pledged to “deepen” its work in the area of currency movements, including conducting studies on the issue.

The communique essentially papered-over sharp differences on the currency issue between China and the United States.

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