Finance ministers of the G-7 remains unchanged opinion that excessive volatility and disorderly movements in exchange rates may endanger their economies forward Bloombergan, citing a representative of one of them. For the last finance ministers of the G-7 and central bankers met today in Istanbul, using such phrases in April. During the week, officials from the G-7 expressed concern that cheaper dollar threatens to slow recovery from recession in their economies, their exports more expensive. Since early March, the dollar has depreciated by 14 per cent against basket of seven currencies. “We welcome the statement of Finance Minister of the United States Timothy Gaytnar that has a strong interest in the United States have a strong dollar,” said Bundesbank President Axel Weber told reporters before talks. On his arrival in Turkey, Canadian Finance Minister Jim Flaharti said in turn that it is “worried” by the “upward pressure on the Canadian dollar,” the weakening U.S. currency.
G-7 also has shared its opinion in April that the Chinese yuan should be left to rise.