United States Treasury Secretary Steven Mnuchin said there’s no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said “no,” declining to elaborate during a press conference in Buenos Aires on Sunday.
At this weekend's G20 meeting in Buenos Aires, finance ministers and central bankers will address the economic situations threatening a number of emerging markets -- including host nation Argentina, which recently secured a US$50 billion IMF loan to try to stabilize its economy, after the peso plunged 35% between April and June.
UK Prime Minister Theresa May confirmed on Tuesday to Argentine cabinet chief Marcos Peña that she will be attending the G20 summit scheduled for next December in Buenos Aires. Mrs. May turned up at an office where her principal private secretary Peter Hill was holding a meeting with Peña at 10 Downing Street.
Foreign Secretary Boris Johnson forecasted a “new, exciting phase” in Anglo-Argentine relations as he wrapped up his visit to Buenos Aires. Johnson visited Argentina to attend the G20 Foreign Ministers summit. His visit was the first by a British Foreign Secretary in over 20 years.
IMF Managing Director Christine Lagarde at the conclusion of the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting in Buenos Aires, reiterated praise for Argentina president Mauricio Macri gradual economic policies, and called on the need for reform in the more advanced economies to ensure sustained, solid growth.
The best way to cool soaring food prices is to boost output, the Argentine government said, following talks on a French proposal for increased regulation of commodity markets in the framework of a G20 meeting in Buenos Aires.