As it was announced on Saturday by the Chairman of Eurogroup, Jean-Claude Juncker, the Group of Seven is satisfied in general with the overall levels of currencies of the world, which is currently operating on the foreign exchange market. The main reason for this, as the Chairman said, is that the rates of currencies are staying in balance and correspond with the economic basics and reflect changes in economic positions of countries of the world.
Jean-Claude Juncker said that unlike the situation which was visible in the market several months ago, when currency rates were very unstable and in many cases didn’t reflect the real economic situation, now currencies are staying at the level, which reflects the fundamental situation in economy. Although, Juncker said, there are still some minor exceptions.
Jean-Claude Juncker informed journalists that foreign exchange issues were not publicly discussed at the meeting during the official session of G7, but those, whom he had a chance to speak to personally, claimed being happy with the current trends in the foreign exchange market.
At the end of G7 meeting, China made a commitment to make their regime of currency exchange more flexible.