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G7 Meeting

Wed, Oct 17 2007, 12:10 GMT
by Marina Schiaffino

FXstreet.com


G7This G7 meeting arises as one of the more interesting for the Forex Market, so it's the first time that it is officialy scheduled in the meeting's agenda. Though the main focus will be the Global credit crisis current Yen and Dollar weakness, as well as the Euro strength, will also be some of the more important topics to be covered.

In-Depth Analysis

Related News

Analysts' Comments

  • · Besa Deda, currency strategist at Commonwealth Bank:
    "The foreign exchange market is a little bit nervous ahead of the G7. I think the chance of a co-ordinating action (on the US dollar) is pretty small." - News.com.au
  • · Daniel Chan, senior investment strategist at DBS Bank:
    "European policymakers may ask the US to stabilize the dollar and prevent it from further weakening during the G7 meeting. The European economy is also not doing very well, so that's another factor why the dollar is gaining." - Thomson Financial News
  • · Yosuke Hosokawa, economist at Chuo Mitsui Trust and Banking Co:
    "Players are cautious about the strength of the euro ahead of the G7 meeting this weekend." - The Economic Times
  • · Matthew Johnson, senior economist at ICAP:
    "Risk is being taken off the table ahead of the meeting (G7), and this is combining with weak equities to see carry currencies, such as the AUD and NZD, get hammered." - Ninemsn

Published on  Fri, Oct 19 2007, 07:17 GMT

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