G7 official warns on risk of one-way FX bets
ESSEN, Germany |
ESSEN, Germany Feb 10 (Reuters) - The Group of Seven industrial nations wanted to send a clear message to financial markets to be on their guard over one-way bets, particularly in the currency markets, a G7 official said on Saturday.
"We want the markets to be aware of the risks of one-way bets, in particular on the foreign exchange markets," he said when asked to explain a statement issued by G7 finance ministers on Saturday.
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