OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

G20 officials to discuss currency wars

The Group of 20 nations finance ministers and central bankers meet in Moscow on Friday for two-day talks. The main topic on the agenda will be currency manipulation and specifically Japan’s aggressive monetary expansion aimed at eliminating deflation.

Earlier this week the G7 issued a joint statement in which they assured of their "longstanding commitment to market determined exchange rates," and which was seen as a move preventing criticism of Japan’s actions at the G20 summit.

Ahead of the meeting, European Commissioner for Economic and Monetary Affairs Olli Rehn was on the wires saying that G20 nations should concentrate more on reforms rather than on short-term fiscal and monetary stimulus.

Meanwhile, Deutsche Bundesbank chief Jens Weidmann told Bloomberg that he believed the ECB had no intention of cutting rates in order to weaken the euro and that the central bank’s president Mario Draghi’s comments at the last press conference were not aimed at talking it down.

Forex Flash: What to do with EUR/USD? – Commerzbank, Danske Bank and UBS

The single currency is navigating session lows on Friday around the 1.3330 region, recovering ground after dipping further to the area of 1.3310...
Leia mais Previous

Forex: USD/CHF rebounds off lows to trade at 0.9226/27

The USD/CHF rebounded off its session lows at 0.9201, after threatening the 0.9200 level during European trading. The pair is not back on track and continuing its advance, despite already trading above its 20 and 50-day SMA. At the time of writing the cross has settled in the region of 0.9226/27.
Leia mais Next
Começar chat ao vivo