Very often, the G7 communique is drafted well before the first finance minister turns up at the meeting. As such, copies of the draft communique often find their way into the media at some point on the Friday of the two-day meeting.
Dealers are keeping their eyes on the tape for just such a leak in the next few hours. No mention of the JPY is expected. EUR/USD remains weighed down with the USD fairly buoyant in recent ranges. Range is the operative word here, and no big breakout is expected ahead of the weekend, to be sure. EUR/USD trades at 1.2991.
No comments:
Post a Comment