G7 Preview: Group of Seven to Address Financial Turmoil, FSF, FX Volatility
From news_archive.php?id=80662
14:13 04/10 (CEP News) - Proposals made at the Financial Stability Forum and the financial market turmoil are on the top the agenda for North American policy-makers attending the G7 meetings on Friday, while the Europeans might want to see additional emphasis addressing foreign exchange rates. "Ahead of the G7, the FX market may be nervous about the prospect of coordinated FX intervention to rescue the USD following the meeting or some USD supportive statements in the G7 communiqué, which will be released on Saturday," according to Barclays' foreign exchange team. "These nerves as well as any sideline comments by o ...
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