IMF chief economist says markets handling dollar adjustments without stress
WASHINGTON, April 22 (Reuters) - International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday that broad-based dollar weakening was signaling some reassessment of demand for dollar-based assets, but markets were handling the adjustment.
Gourinchas told a news conference during the IMF and World Bank Spring Meetings that there had been very strong inflows into dollar assets in recent years, and some adjustment is normal.
"So we are seeing some adjustments, some correction, the markets are handling it. We don't see signs of stress even in currency markets," Gourinchas said.
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