G7 finance leaders reaffirm FX commitment in communique

G7 finance leaders reaffirm FX commitment in communique

KOENIGSWINTER, Germany : Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their commitment on exchange rates, nodding to Japan's concern over recent sharp declines in the yen.The G7 advanced economies have an agreement that markets oug

G7 finance leaders reaffirm FX commitment in communique

KOENIGSWINTER, Germany - The Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their existing commitment on exchange rates, a final communique showed. Japanese Finance Minister Shunichi Suzuki had told reporters on Thursday Tokyo wanted his G7 counterparts to reaffirm the group's commitment on exchange-rate policy, as

G7 Finance Leaders Reaffirm FX Commitment In Communique

Group of Seven (G7) finance leaders on Friday pledged to closely monitor markets given recent volatility and reaffirmed their commitment on exchange rates, nodding to Japan's concern over recent sharp declines in the yen. The G7 advanced economies have an agreement that markets ought to determine currency rates, that the group will closely coordinate on currency moves, and that excessive and disorderly exchange-rate moves would hurt growth.