NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

G7 sticks to previous forex language-Juncker

Published 02/06/2010, 01:52 PM
Updated 02/06/2010, 01:54 PM

IQALUIT, Canada, Feb 6 (Reuters) - Finance ministers from the G7 group of industrialized nations are sticking to comments on foreign exchange levels that they made last October, the chairman of the Eurogroup countries said on Saturday.

"We have agreed that there is no reason to change what we said recently. We stick to what we said in Istanbul," Jean-Claude Juncker said after a two-day G7 meeting concluded in Canada's remote north.

The G7 was not expected to issue a communique on Saturday.

When the group met in Istanbul in October, it said in a communique that too much volatility in foreign exchange markets could hurt the global economy and the financial system, and it welcomed China's pledge to move toward greater currency flexibility.

The United States, Canada, France and other countries have recently called on China to allow its currency to strengthen.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.