Biden adviser says he doesn’t expect Plaza Accord-style deal: report

Top White House economic adviser Brian Deese said Tuesday night that he doesn’t expect a deal like the Plaza Accord, which was a 1985 agreement among finance ministers to jointly guide the dollar DXY, -0.36% lower. “I don’t anticipate that that’s where we’re headed,” Deese said at an Economic Club of Washington, D.C., event, according to a Bloomberg News report. His comment was in response to a question about whether an agreement similar to the Plaza Accord was likely as the dollar surges against its rivals.