G7 message not only about FX - Duisenberg

Speaking on the sidelines of a news conference in Moscow on Monday, ECB President Wim Duisenberg said foreign exchange markets may have misunderstood last month's statement from the G7. "There was no statement specifically about euro/dollar, that was maybe misunderstood," he told reporters.

Source: Reuters

European Central Bank President Wim Duisenberg said on Monday foreign exchange markets may have misunderstood last month's statement from the Group of Seven richest nations urging more global