The USD slowed its fall
The main point we should pay our attention to is that the American currency seems to atop its continuous decline after the concerns about Forex market changes were announced at the G7 meeting.
The situation in the United States occurred last summer still remains that make us think that the country’s economy in the period of the recession. For instance such economic number as USD cumulative index decreased by 6.4 percent throughout the recent months.
On April 11, 2008 the G7 meeting was held in the USA. As a result of the meeting the nations’ representatives concluded that great changes in exchange rates of main world currencies took place in the recent time and it caused their preoccupations concerning the impact of the events occurred on to economic and financial stability. Moreover, we should mention that G7 officials stated that they will continue to monitor the situation at the currency markets and undertake proper actions.
After this statement several currency experts expressed the idea that such reaction of G7 on the financial problems may have some real positive consequences on to the Forex market in the future. Such G7 reaction shows us that they have changed the view point onto this problem.
