Canada’s Flaherty says that the key message for the G7 meeting is that all nations deliver stimulus. That stimulus will help boost international trade, he says. He echoes the familiar call for countries to clear toxic assets out of the banking system to restore confidence.
EUR/USD is finding support on dips ahead of 1.2850. Central banks were significant buyers earlier in the day on the 1.28 handle so the loss of 1.2850 could spook short-term EUR bulls. EUR/USD trades at 1.2965.