English
• U.S. currency begins to dive
The U.S. dollar continued to decline on foreign markets yesterday, for the second consecutive day, as the Finance Ministers and Central Bank Governors of the G7 (the seven most industrialized countries in the world) omitted to make reference to its weakness at the end of the Summit in Istanbul. The financial leaders of the G7 did not press for any measures to stop the decline of the U.S. currency, although participants in the Summit had voiced concern that the weakness of the U.S. dollar could hinder global economic recovery.
The dollar dropped to 1.4626 USD/EUR in New York at 7:03 a.m. yesterday, from 1.4576 USD/EUR on 2 October. Roughly a week later, on 23 September, the dollar hit the year"s low at 1.4844 USD/EUR.
• ECB: Some emergent countries should allow their currencies to appreciate.
European Central Bank (ECB) President Jean-Claude Trichet believes that some of the emergent countries, such as China, for instance, should allow their currency to appreciate against the euro and the dollar.
Attending the annual meetings of the International Monetary Fund and the World Bank in Istanbul, Trichet said that some currencies "have in the medium run to appreciate vis-a-vis the dollar and the euro."
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
