HIGHLIGHTS-IMF, World Bank 2014 fall meetings in Washington on Wednesday

Thu Oct 9, 2014 11:17am EDT
 
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WASHINGTON Oct 8 (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Wednesday in Washington, where finance ministers, central bankers and other top officials are gathering.

MEXICAN FINANCE MINISTER LUIS VIDEGARAY

ON U.S. DOLLAR APPRECIATION

"It's a topic of relevance and it's understood that the U.S. economy is performing better than other major economies, and you should expect it to continue performing better. The appreciation of the U.S. dollar is to be expected."

ON RISK OF DISORDERLY CURRENCY MOVES

"I don't think there's a risk of that in the market for the dollar, the yen, or the euro ... there's very deep liquidity."

ON MEXICAN PESO

"The Mexican peso has fluctuated up and down in the past few days, but it has done so in an orderly manner with plenty of liquidity, which is what we really look at. So in that sense, we're not concerned about the functioning of the exchange rate markets."   Continued...