G7 says 'excessive' currency volatility hits stability
- Published: 12 Feb 2013 at 21.44
- Online news: World
The Group of Seven top industrialised nations said on Tuesday that "excessive volatility" in exchange markets undermines stability, in a statement by current G7 president Britain.
Pedestrians walk in front of a share price board flashing +400 yen level in Tokyo on February 6, 2013. The Group of Seven top industrialised nations said on Tuesday that "excessive volatility" in exchange markets undermines stability, in a statement by current G7 president Britain.
But the statement stood by foreign exchange rates set by the market, despite objections from France last week to market-driven currency values, against a background of mounting concern about competitive devaluations.
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