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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (60207)5/3/2006 1:56:42 PM
From: shades  Read Replies (1) of 110194
 
G7 Statement Doesn't Call For US$ Depreciation

(Misunderstood? Lots of finance guys saying this lately eh?)

HYDERABAD, India (Dow Jones)--Japanese Finance Minister Sadakazu Tanigaki said Wednesday moves in the currency markets have been excessive after a recent Group of Seven leading industrial nations meeting in part because market players may have misunderstood the G7's statement.

"The G7 statement does not call for a depreciation of the dollar," Tanigaki told reporters on the sidelines of an annual meeting for the Asian Development Bank. "I'm worried that the market has misunderstood the G7."


(MORE TO FOLLOW) Dow Jones Newswires

May 03, 2006 13:46 ET (17:46 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 01 46 PM EDT 05-03-06
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