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Strong US dollar Blurs Trade Picture, Says United Nations' Official.
Byline: Saritdet Marukatat
May 2--A strong US dollar has added to global imbalance and may spur developed countries to raise trade barriers, a senior United Nations' official said yesterday.
Rubens Ricupero, the secretary-general of the United Nations Conference on Trade and Development (Unctad), also warned troubled economies against trying to fight recession by devaluing their currencies, saying this could cause sharp swings in major exchange rates, and lead to financial instability.
"The most important source of instability remains international finance," he said at a panel discussion chaired by Foreign Minister Surakiart Sathirathai.
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