Archive for February 18th, 2013

New Overnight Developments Abroad - Daily Update

Yen Weaker after G20 Statement’s Release

February 18, 2013

A statement from G20 finance ministers and central bank governors did not single out Japan.  Officials said competitive currency devaluations should be avoided by allowed domestic macroeconomic stimulus to promote growth and counter inflation that is too low are negative.  The yen fell to overnight lows of 94.23/USD and 125.93/EUR. China has reopened after the […] More