G20 comments

Good morning,

Here is the Bloomberg link to conclusions on the G 20 meeting:
http://www.bloomberg.com/news/2010-10-23/g-20-pledge-to-avoid-competitive-devaluations-endorse-market-driven-rates.html

Here is a list of the most interesting headlines I've read from the different participants:

*TRICHET SAYS IMPRESSED GEITHNER SUPPORTS STRONG DOLLAR
*TRICHET: SOME IN G-20 CONCERNED ABOUT QUANTITATIVE EASING
*TRICHET ENDORSES G-20 PLAN TO BE VIGILANT ON EXCESS FX MOVES
*GEITHNER SAYS U.S. HAS SPECIAL RESPONSIBILITY TO SUPPORT DOLLAR
*GEITHNER SAYS REAFFIRMS POLICY TO SUPPORT STRONG DOLLAR
*NODA SAYS G-20 STATEMENT ON CURRENCIES MORE ACTIVE THAN BEFORE
*NODA: G20 STATEMENT ON RESERVE CURRENCIES MEAN U.S., JAPAN, EU
*YOON SAYS G-20 WILL RESPECT MARKET MORE FOR EXCHANGE RATES
*S. KOREA'S YOON SAYS G-20 AGREEMENT WILL END CURRENCY DISPUTES
*G-20 SAYS IT WILL PURSUE MORE MARKET-DETERMINED CURRENCY POLICY
*G-20 PLEDGES TO AVOID COMPETITIVE DEVALUATIONS OF CURRENCIES

The most pertinent seems to be those of Mr Trichet.

It will be interesting to see how the market will interpret all this on the opening later and in the next days to come.

Have a good day,