Usually we get these things a few hours before a G-whatever meeting breaks up, but this is a new record. the G8 communique has leaked days before the conference even begins.
The draft says
- protectionism must be rejected
- commodity price volatility, role of speculators must be analyzed
- refrain from trade distortions and refrain from new trade barriers
There appears to be absolutely nothing newsworthy in th ecommunique as far as the markets are concerned.
EUR/USD trades at 1.3960, USD/JPY at 95.15.
