The Group of Seven finance ministers issued a communique assuring investors that the G-7 is united in effort and will “take all necessary measures to support financial stability and growth.Ã¢â‚¬Â The wider group of G-20 which includes the emerging economies produced a similar statement.
Ã¢â‚¬Å“Actions speak louder than words,Ã¢â‚¬Â said Richard Barwell, an economist at Royal Bank of Scotland Group Plc in London. Ã¢â‚¬Å“In the short run, it might be better they say something rather than nothing, but weÃ¢â‚¬â„¢re probably at the stage now more where people want to see decisive action.Ã¢â‚¬Â
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.