Market Overview

G7 Issues Statement on Exchange Rates

Share:
Related SPY
Best And Worst ETFs Of The Week Amid Independence Day Celebration
S&P 500 Index Futures Unchanged
Natural Gas - The End Of The Secular Bear Market Is Near (Seeking Alpha)
Related VGK
Europe Takes A Big Step Toward A Unified Digital Market
Fund Managers Double Down On Greek Crisis
Eurozone Economy Enjoying Best Growth In 4 Years Despite 'Grexit' Fears (Seeking Alpha)

“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