1994-07-09, English, Article, Other article edition: G7 sweeps dollar under the carpet. (Group of Seven leaders downplay the sharp depreciation of the US dollar) Cook, Peter

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Bookmark: https://trove.nla.gov.au/version/110639313
Physical Description
  • Newspaper article
Published
  • Financial Times Corporation Ltd. (Canada), 1994 July 9
Language
  • English

Edition details

Title
  • G7 sweeps dollar under the carpet. (Group of Seven leaders downplay the sharp depreciation of the US dollar)
Also Titled
  • G7 sweeps dollar under the carpet.
Appears In
  • Financial Times of Canada, v83, no.n28, 1994 July 9, pB1(2) (ISSN: 0839-2188)
Author
  • Cook, Peter
Published
  • Financial Times Corporation Ltd. (Canada), 1994 July 9
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • Leaders of the Group of Seven (G7) countries have agreed not to make a big issue of the US dollar's sharp depreciation in 1994. The decision to downplay the matter at the G7 summit in Naples, Italy, reflects a sea change in the state of economic relations between the G7 countries. In the past, a weak dollar would have deeply upset both Europe and Japan. However, with trade between the G7 countries weakening in importance given the sharp rise in the volume of US trade with countries such as China and Mexico, the perception is that the dollar's weakness will have a minimal impact on other G7 countries.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15591493

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