Currency Truce, Brexit Accident, BOJ Pressure: Eco Day

23 Jul 2018, 04:13 PM IST

(Bloomberg) -- Welcome to Monday, Europe. Here’s news from Bloomberg Economics to help get your day started:

U.S. Treasury Secretary Steven Mnuchin hammered home in a press conference that America’s longstanding commitment to a strong greenback remains intact
Risks increase. Trade tensions threaten global growth as the engines of leading economies fall out of sync, the world’s top finance chiefs warn
Show some creativity. U.K. Foreign Secretary Jeremy Hunt heads to Berlin on Monday to warn that the EU needs to do its part to avoid Britain leaving without a divorce deal
Stand at ease. The People’s Bank of China made the biggest single injection of Medium-term Lending Facility funds, in a move analysts described as evidence of a shift to monetary easing
Tread gently. Market reaction to news reports that the Bank of Japan is considering tweaking its monetary policy underscores just how delicate the central bank must move
Adverse effects. China’s deleveraging threatens South Korea’s mainland-dependent economy, the central bank in Seoul warned

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Pradeep Kurup