por bachelor » Jue Sep 22, 2011 10:13 pm
Euro rises after report of upcoming G-20 remarks
LOS ANGELES (MarketWatch) -- The euro EURUSD +0.53% rebounded sharply against the U.S. dollar, rising sharply from $1.3446 in late North American trading Thursday to $1.3539 in early Friday trading hours in Asia. The move followed a Dow Jones Newswires report that the Group of 20 major economies will issue a previously unscheduled statement on the global economy later in the global day. While the report, citing an unnamed G-20 source, said the statement would have no new concrete proposals, but it added that the finance minister of France, currently the chair of the G-20, would also be holding an unscheduled press conference in Washington later in the day. G-20 finance ministers are currently in the U.S. capital for an annual meeting of the International Monetary Fund.