G-7 warns of disorderly exchange rate moves
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[February 12, 2013]
The Group of Seven leading industrial nations, which includes the U.S., Japan and Germany, are warning that volatile movements in exchange rates can adversely hit the global economy.
In a statement published Tuesday on the Bank of England website, the G-7 says "excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability."