Excerpt from: Forex News
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| June 15, 2009 | | G8 leaders considering ways to reverse recent economic stimulus measures | This past weekend, leaders from the G8 countries met to consider the global economy and talk about financial issues. One of the topics under discussion was formulating a plan to begin reversing recent economic stimulus spending.
While nothing definitive has been decided upon, the fact is that G8 leaders are already thinking of ways to reduce the impact of the debt hey have incurred in the name of stimulating the economy in the face of a global recession.
Now, thought, with "economic green shoots" emerging, there is talk of what to do now that economic stimulus is no longer needed in such large amounts. This is likely to mean that, long term, the U.S dollar and the Japanese yen will weaken. However, right now, it appears that the markets are not so sanguine. Uncertainty is still the name of the game, and the greenback and yen are having success today in currency trading.
| Topic Tags: currency trading, economic green shoots, economic stimulus, forex trading, G8 leaders, global recession, greenback currency trading, Japanese yen, U.S. dollar | |
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