G-7 bides time on intervention

FRANKFURT - Regulators are not expected to formulate specific policies to tackle foreign exchange volatility after last week's G-7 meeting, despite the European Central Bank (ECB) breaking tradition by commenting on its high levels last week.

The ECB said in a bulletin released February 12 that implied volatility in the FX markets continues at "unprecedented levels", with volatility among major currency pairs at its highest levels since 1973.

Analysts last week had expected leaders at the G-7

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