the Group of 20 (G20) Finance Ministers and Central Bank Governors meeting of Member States will be held on 14th and 15th in Washington. Also G7 meeting to be held concurrently with the G20. G7 meeting was designed to validate induced by disasters on the co-ordination of the appreciation of the yen to take the effect of foreign exchange intervention policy.
the Group of seven (G7) Governments are expanding foreign currency reserves, while UBS (UBS AG) and the United States New York banking company (Bank of New York Mellon Corp.) Found in the next few years may implement more intervention in calm foreign exchange movements.
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G20 look prevention crisis plan research economic recovery face of risk euro and dollars Lee difference or expanded RMB exchange rate insurance keep 6.53 mark concerns debt problem deterioration euro disk in the diving Singapore gold tube Council again tightened currency policy Europe debt crisis will by control Euro heavy picker rally dollars fell configuration dollars assets in the Nick of time [RMB premium][market Center]in on March 18 collective selling yen for intervention zhihou G7 Finance Ministers and Central Bank Governor Wednesday local time (13th) (Beijing time Thursday morning) held its first meeting in Washington. G7 Finance Ministers, including the United States Treasury Secretary Geithner (Timothy f. Geithner), ECB President Trichet (Jean-Claude Trichet), some time in Beijing on Thursday began meeting at 5:30.
Mansoor, Chief foreign exchange strategist at UBS Mohi-uddin believes that the meeting showed that 10 selling foreign exchange risk in the future, means that G7 members may extend foreign exchange reserves, which may increase of us $ 200 billion in Europe, the United States, Britain and Canada add $ 50 billion. United Kingdom and Canada officials have hinted at expansion of the reserve in order to fulfil the International Monetary Fund (IMF) commitment. Japan is now up to us $ 1 trillion in foreign reserves.
Mohi-uddin said in a telephone interview, exchange rate fluctuations, policy makers more wish to seek protection from high foreign exchange reserves.
G7 includes the United States, and Japan, and Germany, and France and the United Kingdom, and Canada and Italy.
4 weeks ago, the G7 decision to the appreciation of the Yen's rapid intervention, promoting the yen against the dollar decreased by approximately 10%.
United States Bank of New York company in London, the Chief foreign exchange strategist Derek (Simon Derrick) said that any new wishes may reverse the G7 into the foreign exchange market practice over the past 10 years.
he considers the past decision makers with regard to exchange rates should "reflect economic fundamentals" point of view possible changes in October 2008, G7 policymakers have also hinted that may prevent the rapid appreciation of the yen, G7 on Japan government acquiescence may separate interventions may be part of the September 2010 to reflect this change.
because of the daily deal size amounted to us $ 4 trillion in foreign exchange markets, this may take a G7 added "ammunition" reserves.
Mohi-uddin of UBS calculate the global foreign exchange reserves total more than $ 9 trillion, only China has us $ 3 trillion.
United Kingdom Exchequer Osborne (George Osborne) on March 23, the United Kingdom has decided to "rebuild reserves", at the same time meet the IMF's commitment is the main reason.
Canada March 22 budget also shows intent of about US $ 10 billion to the reserve. Japan's foreign exchange reserves since January 2007 has increased the total amount of approximately 18%, by October 2010 up to us $ 1.06 trillion.
even if they expand the foreign exchange reserves, the G7 officials for intervention are likely to remain cautious, because since the 90 's market size and growth of more than 1 time.
