Market Overview

G7 Issues Statement on Exchange Rates

Related SPY
The Best And Worst ETFs Of The Week Amid European Quantitative Easing
December Existing Home Sales Up 2.4%, Full-Year Sales Sink
Dow 17K: A Story of Recovery, Perseverance (Fox Business)
Related VGK
Long Awaited Eurozone QE Is Here, But Not Everyone Is Celebrating
Hedged European ETFs Lead Rally

“We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not target exchange rates. We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will continue to consult closely on exchange markets and cooperate as appropriate.”

Posted-In: News Movers & Shakers Politics Global Economics General


Related Articles (SPY + VGK)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional