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G-7 Nations Seek Flexible Exchange Rates

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G-7 Nations Seek Flexible Exchange Rates

Business

G-7 Nations Seek Flexible Exchange Rates

G-7 Nations Seek Flexible Exchange Rates

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  • <iframe src="https://www.npr.org/player/embed/1439671/1439672" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

At a weekend meeting, member nations of the Group of Seven — comprised of the world's wealthiest industrial countries — call for greater flexibility in foreign exchange rates. The G-7 says Japan and China are keeping their currencies weak to help their exports. Financial markets reacted negatively to the G-7 statement. NPR's Chris Arnold reports.

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