NEW YORK (AP) — The dollar resumed its months-long slide Monday after weekend talks by finance officials of the Group of 20 nations promised to avoid "currency wars," but offered few specifics on enforcement.
Finance ministers from the G-20 said they would avoid competitive devaluations — a string of nations weakening their currencies to help exports — that could cause countries to set up trade barriers and hamper the global economy. In the weeks before the meeting, several countries moved to weaken their currencies, including Japan, Brazil and Thailand.
The deal did not have a strong enforcement mechanism behind it, but still "probably reduces the risk of a trade war," said …
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