* Majors quiet ahead of expected ECB rate cut, G20 meeting
* Market watching ECB for signs of unconventional easing * G20 draft communique: to regulate big hedge funds
TOKYO, April 2 (Reuters) - The euro, dollar and yen barely budged on Thursday as markets awaited an expected rate cut from the European Central Bank and what it might say on unconventional easing, while also keeping a close eye on possible steps for the global economy from a G20 meeting.
A draft communique from the Group of 20 leaders of developed and developing nations meeting in London made no specific commitment to extra fiscal stimulus but said regulation would extend to systemically important hedge funds. [ID:nL2438948]
Leaders were also set to pledge to cooperate on economic policy, boost funds for the International Monetary Fund and refrain from competitive devaluations of their currencies as they seek to ward off a deepening global slump.
* Market watching ECB for signs of unconventional easing * G20 draft communique: to regulate big hedge funds
TOKYO, April 2 (Reuters) - The euro, dollar and yen barely budged on Thursday as markets awaited an expected rate cut from the European Central Bank and what it might say on unconventional easing, while also keeping a close eye on possible steps for the global economy from a G20 meeting.
A draft communique from the Group of 20 leaders of developed and developing nations meeting in London made no specific commitment to extra fiscal stimulus but said regulation would extend to systemically important hedge funds. [ID:nL2438948]
Leaders were also set to pledge to cooperate on economic policy, boost funds for the International Monetary Fund and refrain from competitive devaluations of their currencies as they seek to ward off a deepening global slump.
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