Group of 20 finance chiefs were to reiterate existing pledges on currencies, including commitments to avoid competitive devaluations, at the urging of Japan and the United States, a G-20 source said Saturday, as they prepared to wrap up a two-day meeting and issue a communique.
Meanwhile, the wording that the G-20 will "resist all forms of protectionism" has been dropped from the latest draft of the communique, a copy obtained by Kyodo News showed, apparently reflecting staunch U.S. opposition.
Trade and currencies have been the two main themes of the G-20 finance chiefs' meeting, the first since U.S. President Donald Trump took office in January. The Trump administration has pulled out of the Trans-Pacific Partnership free trade deal and pledged to push an "America First" agenda.