1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

G20 group are not planning coordinated action - Investec

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Research Team at Investec, suggests that the G20 communique, released after their two day meeting on Friday and Saturday, sent out a message that markets are overly concerned about recent moves and that coordinated action isn't imminent.

    Key Quotes

    “After reaffirming a 'no competitive devaluation' pledge (and adding some new text on consulting closely on FX moves), Japan's strengthening currency seemed a bigger talking point than the Chinese Yuan. The brightest point for many will have been the continued acknowledgement by the group that monetary policy alone cannot stimulate the global economy, and the G20 seeks an infrastructure push to increase productivity, although no formal plans were announced.”
    For more information, read our latest forex news.
     

Share This Page