Forex Dictionary

G7 Meeting

G7 Meeting

The Group of Seven (G7) Finance Ministers and Central Bankers will hold a meeting in Washington DC to discuss a range of global economic issues including world currencies and exchange rates. Although the meetings are closed to the press, officials are expected to talk with reporters throughout the day. A press conference is usually held at the conclusion of the meeting. The G7 consists of the world’s richest nations - United States, Japan, Germany, United Kingdom, France, Italy, and Canada - who together represent about 65% of the world economy. Though not an institution, the G7 represents an important global policy making process at the highest level, and at times their policies can have an impact on the currency markets.