Dollar falls as G-7 meeting ends

Dollar falls as G-7 meeting ends


The dollar fell after the Group of Seven finance ministers and central bankers omitted any mention of the currency's weakness in their final communiqué, which sent the Dollar Index down 5 percent this year, after their October 3 talks in Istanbul.


European stocks and U.S. index futures gained.
The U.S. currency declined against 15 of its 16 most-traded peers as of 10:19 a.m. in London.
The yen slipped versus all 16 after Finance Minister Hirohisa Fujii said the government will act if the foreign-exchange market moves in a "biased direction."


(Source:NEXT)


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