Scepticism on second Plaza accord, Brazilian economic outlook and challenges ahead
Tuesday 12 November 2019 – Vol.10 Ed.46.1
Commentary: Scepticism on second Plaza accord
By Mark Sobel in Washington
In 1985, the G5 agreed on a currency pact, the so-called Plaza accord. In recent weeks, market participants have questioned whether there could be a new iteration of the deal. The G5 argued that improving economic fundamentals had not been reflected in exchange markets and that ‘further orderly...