Rifts between the US and Germany become apparent at G20 as the US is dissatisfied with Germany's public criticism of currency market intervention

According to informed sources, after German officials publicly criticized American intervention in the foreign exchange market and took a tough stance on the Russia issue during this week's G20 meeting, American officials made representations to Berlin. Sources said the US Treasury expressed dissatisfaction with the statements made by the president of the German central bank, Joachim Nagel, through multiple channels. Nagel told reporters in North Carolina that before selling euros to support the yen, the United States should have coordinated with its European partners. The sources also said that US Treasury Secretary Scott Besant expressed dissatisfaction with German Finance Minister Lars Klingbeil's uncompromising, openly confrontational stance when facing the Russian finance minister.