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U.S. Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde on Tuesday that he expects the IMF to provide "frank and candid" analysis of exchange rate policies, a Treasury spokesperson said.

"I believe the Trump administration will try to leverage the IMF and the G20 to help achieve its external objectives and escalate pressure on China and Germany," said Domenico Lombardi, a former IMF board official who is now with the Center for International Governance Innovation, a Canadian think tank.

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