1994-07-12, English, Article, Journal or magazine article edition: Traders slam G-7 failure to provide aid to US dollar. (Group of 7) Platt, Gordon; Rockwell, Keith M.

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Bookmark: https://trove.nla.gov.au/version/110640996
Physical Description
  • Magazine/​Journal article
Published
  • UBM Global Trade, Inc., 1994 July 12
Language
  • English

Edition details

Title
  • Traders slam G-7 failure to provide aid to US dollar. (Group of 7)
Also Titled
  • Traders slam G-7 failure to provide aid to US dollar.
Appears In
  • Journal of Commerce and Commercial, v400, no.n28265, 1994 July 12, p1A(2) (ISSN: 1088-7407)
Author
  • Platt, Gordon
  • Rockwell, Keith M.
Published
  • UBM Global Trade, Inc., 1994 July 12
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • Foreign exchange traders were shocked as the Group of 7 (G7) showed indifference to the problem of the sinking US dollar, which plunged to a record low against the yen and dropped sharply against the German mark in reaction to the results of the Jul. 1994 G7 meeting in Naples, Italy. There is poor confidence in Bill Clinton, whose lack of clear economic policy was apparent in the G7 meeting. The G7 says that their commitment to fiscal discipline and low inflation should shore up the dollar, but analysts said that the fundamentals for the dollar is poor and is being reflected by the weak dollar.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15592589

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