By: Eamonn Sheridan

From the Wall Street Journal: U.S. and European financial policy makers are discussing issuing a joint message designed to head off a potentially destabilizing round of currency devaluations, according to people familiar with the talks. The focus of any message would be to reinforce a commitment within the G-7 to have exchange rates determined by market forces, not unilateral currency interventions. Take special note of this: G-7 officials plan to make individual comments in coming days, even if they haven't agreed on a joint statement. Wall Street Journal article: U.S., Europe Seek to Cool Currency Jitters (May be gated - try a news search on the headline)