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LONDON/ TOKYO, Feb 12- Group of Seven nations reiterated their commitment on Tuesday to market-determined exchange rates and said fiscal and monetary policies must not be directed at devaluing currencies.
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LONDON, Feb 12- The Group of Seven nations reiterated its commitment on Tuesday to market-determined exchange rates and said fiscal and monetary policies must not be directed at devaluing currencies.
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TOKYO, Feb 12- Japanese Finance Minister Taro Aso welcomed a statement released by the Group of Seven nations on Tuesday saying that the group recognises Japan's policy steps are not aimed at affecting foreign exchange markets.
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LONDON, Feb 12- Following is the text of a statement released by the G7 nations on Tuesday. "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.
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LONDON, Feb 12- Following is the text of a statement released by the G7 nations on Tuesday. "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.
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*G7 to publish statement on currencies at 1000 GMT. LONDON, Feb 12- The yen recovered against the euro and the dollar on Tuesday as speculators took profit after it slid on comments from a U.S. The market was also braced for statement on exchange rates from the Group of Seven industrialised countries, due at 1000 GMT.
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*Markets shrug off North Korea nuclear test. NEW YORK, Feb 12- The yen swung wildly on Tuesday, reversing the previous day's late sell-off against the dollar and euro after an official with the Group of Seven said it is worried about excess moves in the Japanese currency.
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*G7 official says statement intended to signal concern on yen moves. NEW YORK, Feb 12- The yen leaped against the dollar and euro on Tuesday, rebounding from recent multi-year lows, after a Group of Seven countries official said a recent statement on by the group was meant to express "concern about excess moves" in Japan's currency.
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*Barclays sees 10- year yields falling to 1.80 percent. I think the market is trying to build a concession for the auction process, "said Tom Tucci, head of Treasuries trading at CIBC in New York. It "prompted a bout of short covering in Treasuries," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
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*Sees G20 discussion on Japan's monetary policy. OTTAWA, Feb 12- The Group of Seven leading industrialized nations must go into this weekend's G20 meetings forcefully pressing major emerging economies to adopt flexible foreign exchange rates, Bank of Canada Governor Mark Carney said on Tuesday.
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Feb 11- The Group of Seven nations are considering a statement this week reaffirming their commitment to "market-determined" exchange rates in response to heating rhetoric about a currency war, G20 officials said on Monday.
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NEW YORK, Feb 11- Italian Finance Minister Vittorio Grilli said on Monday that there is strong support from the Group of Seven for market-determined currency rates, a comment that comes amid suspicion that some countries are acting to depress their currencies in order to boost their economies.
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LONDON, Jan 24- The Bank of England is prepared in principle to become the first G7 central bank to enter into a foreign exchange swap agreement with China, opening the door to another substantial step in moves to liberalise the yuan currency.
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While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.
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Greg Smith, Group CEO, Global Commodities Ltd says it's not a bad time to be buying commodities.
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CNBC's Steve Liesman reports the latest developments from the G7 meeting on the global economy and financial markets.
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Australia trims interest rates and Spain's bond-market woes worsen — it's time for your FX Fix.
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Alec Young, S&P Capital IQ and Roger Altman, Evercore Partners chairman, discusses the growing anxiety in Europe, as G7 leaders and central bankers talk about the future of the euro zone.
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The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
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Some analysts believe the euro could be heading to a new lower range, as Europe grapples with its peripheral debt crisis.