G7 U.S. and European policy makers have reportedly been discussing issuing a statement...

|By:, SA News Editor

G7 U.S. and European policy makers have reportedly been discussing issuing a statement reinforcing a commitment to let the market set forex prices and not unilateral interventions. The idea is to avert what some have called a "currency war," although Japan is unlikely to agree to such a statement, given that weakening the yen is a stated policy goal. The talks come ahead of a G20 meeting in Russia on Friday.