G7 finance leaders reaffirm commitment to address volatile, disorderly currency moves for financial stability.

G7 finance leaders reaffirm commitment to warn against excessively volatile, disorderly currency moves, as per a draft statement. The G7 seeks to maintain financial stability and prevent potential negative impacts on global economic growth due to excessive FX market volatility. Japan is particularly vocal about market stability, arguing that their agreement gives them authority to act in volatile situations.

May 25, 2024
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