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By DailyFX Updates | October 18, 2007
Currency trading markets are likely to see extensive volatility in the week ahead, as forex speculators are largely unsure of what to expect from the weekend’s G7 summit in Washington DC. The event has historically forced extensive moves in the Japanese Yen and other major currencies, and this particular meeting should be no exception. Indeed, extended weakness in the Japanese Yen and the US dollar may produce a fairly significant shift in text regarding currency policies among the world’s Financial Ministers. The trade-weighted US Dollar index now remains at its lowest levels in nearly three decades, depreciating nearly five percent since the April G7 summit. The Japanese Yen remains similarly weak, and high-profile comments regarding Asian currencies are likely to make their way into the official statement from the G7 meeting.
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