Snowflake Interact My Recent Posts Posts: 1,431 #1 [url] Apr 13 08 12:07 AM G-7 Signals Concern on Dollar's Slide, Weaker Growth (Update2) April 12 (Bloomberg) -- Finance chiefs from the Group of Seven nations signaled concern on the dollar's slide and said the global economic slowdown may worsen amid an ``entrenched'' credit squeeze.``Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability,'' the G-7's finance ministers and central bankers said in a statement after talks in Washington yesterday.The officials downgraded their outlook for the world economy from that of two months ago, blaming the U.S. housing recession, credit-market turmoil, commodity prices and inflation pressures. The dollar has lost 8 percent against the euro and 6 percent versus the yen since the G-7 last met in Tokyo in February.``They ratcheted up the currency rhetoric a notch or so,'' said Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in New York. ``They're trying to buy some time for the dollar.''The new language was the first significant change in the G- 7's view of currencies since a February 2004 meeting in Boca Raton, Florida. The U.S. currency reached a record low of $1.5913 against the euro this week. http://www.bloomberg.com/apps/news?pid=20601087&sid=a7Yh8jULL1W8&refer=worldwide Quote Reply Forum Jump INTRODUCTIONS EUROPEAN UNION and COUNTRIES of EUROPE IRAQ ISRAEL and MIDDLE EAST RUSSIA, CHINA, ASIA AND PACIFIC UNITED STATES, CANADA, MEXICO & S. AMERICA BUSINESS and ECONOMY CONFLICTS and LAWLESSNESS CULTURE and RELIGION GLOBAL GOVERNMENT and WORLD LEADERS SCIENCE and TECHNOLOGY WEATHER and EARTHQUAKES PROPHECY CHAT-ENDTIMES DISCUSSION BIBLE PROPHECY IN THE NEWS GOOD MORNING GOG-MAGOG EZ.38-39 NUMBER, MARK OF THE BEAST DEVOTIONS LUKE 19:40 & "TEMPLE" MOUNT NEWS WHY JESUS? DOES IT MATTER? PRAYER REQUESTS ISLAM RISING SATANISM and the OCCULT Add Reply Quick Reply bbcode help Use Smilies (Complete smilies list) Convert URLs Subscribe to this topic Preview Quick Reply