G-8 meeting today and tomorrow should provide some insight to traders worldwide.[B]With the Gordon Brown [/B]scandal simmering down, the end of the trading week has been a bit quieter. In currencies, the Asia and Europe trading saw profit- taking knock many of the risk currencies off their highs.
As the G-8 ahead, the meeting is not anticipated to produce many brand new initiatives.
It will be interesting to see if the agenda items and comments address currencies directly. Seems like we really need renewed focus on the state of the European banking, and determined whether that would some pressure on the EUR/USD earlier next week.
Learn more about the state of European banks and their exposure to higher leveraged markets byclicking here.