G7 Meeting Begins Tomorrow! Impact on EUR/USD

Date February 12, 2009

The G7 meeting begins tomorrow. Take a look at how the EUR/USD traded after the G7 changed the currency portion of their communique (What to Expect for the G7 Meeting in Rome).

Source: FX360.com

Source: FX360.com

USD/JPY Chart

2 Responses to “G7 Meeting Begins Tomorrow! Impact on EUR/USD”

  1. IT83 said:

    Hi Kathy,

    Will there be anything substantive discussed tomorrow (Friday)? If so, what are the chances any of it will be leaked out in time before markets are closed? I realize Sunday will still be a big day, but I figure with our unprecedented global situation, something may or may not happen before we let out for the weekend.

    IT

  2. Kathy Lien said:

    The statement is released at 3:30pm local time on Saturday (the second and last day of the conference).

    After that Geithner will be holding a press conference.

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