US-Germany Spat Over Currency Intervention Escalates Amid G20 Rift
US officials have lodged a complaint with Germany after their German counterparts publicly criticized Washington's currency intervention. The criticism came from Bundesbank President Joachim Nagel, who told reporters that the US should have coordinated with European partners before selling euros to support Japan's yen.
The US Treasury Department reportedly expressed its displeasure through several channels, although details of the complaints are not public. The incident occurred during this week's Group of 20 meeting, where Russia was also a point of contention between the two countries.
It is unclear how Germany's stance on Russia at the G20 meeting contributed to the US complaint, but it is evident that Washington and Berlin have differing views on certain issues. The exact nature of these disagreements remains undisclosed.