Baku-APA. The U.S. dollar slightly strengthened against major currencies on Tuesday, the first trading day after the Group of Twenty meeting concluded on Saturday, APA reports quoting Xinhua.
The dollar's gains against the yen narrowed after Japan's Finance Minister Taro Aso said the government wouldn't push the central bank to buy foreign bonds to weaken the currency.
Finance ministers and central bank governors of G20 countries ended a two-day meeting on Saturday. They pledged in a joint statement that monetary policy should be directed at domestic price stability and nations will refrain from "competitive devaluation."
The yen fell to a more than two year low versus the dollar as G20 meeting didn't specifically target Japan's recent easing moves and yen's depreciation, but it regained strength on Tuesday as Aso's remarks were opposite from those of Prime Minister Shinzo Abe. Abe said Monday that purchasing overseas bonds " exists as one idea."
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