G7 on FX - Confirm commitment to market determined FX rates

Author: Eamonn Sheridan | Category: News

G7 on FX:

  • We affirm our existing exchange rate commitments to market determined FX rates
  • Will consult closely in regard to actions in FX markets
  • We reaffirm our commitments to keep markets open, fight all forms of protectionism
  • We reaffirm our fiscal, monetary policies will remain oriented to meeting our respective domestic objectives and not target FX rates
  • We underscore importance of countries refraining from competitive devaluations
  • Excess volatility, disorderly moves in FX rates can have adverse implications for economic, financial stability
USD/JPY gaining some ground as the blah blah continues. Nothing new in these comments.           
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose