Excerpt from: Forex News
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| June 03, 2010 | | Can the G20 bolster confidence in the economy? | This weekend, finance officials from the G20 are meeting in South Korea to discuss the global economy. There are concerns that issues in Europe could hamper global economic recovery. However, the G20 leaders are looking to put some emphasis on the progress being made, reports the Financial Times:
“The world economy is in a much better place,” Tim Geithner, the US
Treasury secretary, told reporters this week. “The most important thing
is to make sure that everyone understands that we’re going to continue
to work together to make sure we’re reinforcing this recovery.”
In the U.S. things appear to be improving, albeit slowly. The U.S. stock market is managing to stay in the black so far today. However, the state of Europe is in doubt, as seen by the difficult the pound and the euro continue to have in forex trading against the U.S. dollar.
| Topic Tags: euro forex trading, Europe, forex trading, G20, global economic recovery, South Korea, U.S. dollar | |
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