The G8 or G8 +1 if you include the European Union representative, is currently meeting to solve our global problems. Forex traders are interested in the meeting and in the press or buzz around the event but it is also helpful to understand a little about the group's history. Over the past 6 years the USD has been dropping in value as the Fed uses monetary policy to attempt to ward off liquidity crises and recession. A weak USD or one that is devaluing too quickly is not good for most of the major economies. This topic of conversation has been a key theme at the G8 meetings and has resulted in temporary upticks or ... (full story)