WASHINGTON Oct 5 Allowing currency exchange
rates to respond to market conditions is vital to ongoing
efforts to rebalance global growth and will be on the agenda
when finance chiefs meet Friday and Saturday, a senior U.S.
Treasury department official said on Tuesday.
"It's vital to achieve more balanced global growth. That's
why the United States has been working to address distortions
in the pattern of global growth," the U.S. official said,
adding that "market-oriented exchange rates (are included) in
the set of policy tools that are vital to achieving that
The official said the International Monetary Fund should
take a stronger role in reviewing and speaking publicly about
currency practices of individual countries.
"The IMF has to have an ability to speak forcefully and
clearly in its surveillance of the major economies," the
The IMF and World Bank hold semiannual meetings this
weekend, with and finance ministers and central bankers from
around the world attending.
(Reporting by Glenn Somerville and Mark Felsenthal, editing by