The message that the G7 was trying to get across to traders and other financial gurus of the world last month is beginning to make sense and sink in. What was the message? “There have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability. We continue to monitor exchange markets closely, and cooperate as appropriate.” In other words, while all of Europe is reeling in the fact that the US Dollar is giving the Euro a bit of a boost, traders and financiers alike need to remain vigilant because things can easily change.

Luxembourg Finance Minister Jean-Claude Juncker stated to reporters that, “Financial markets didn’t correctly understand the message from the G7. “I have the impression that more financial markets have a better understanding. I would encourage them to stay on track.” Juncker is the chair of the finance ministers from the fifteen nations that currently recognize the Euro as their currency. He realizes that things could change all too quickly if there was a sudden upswing in the dollar and that things need to move a slower pace to make sure other economies do not see the same financial slump as the United States.