Speculators beware! G7 had signal their intention of combine intervention in the currency market if needed. The outcome of joined intervention maybe stronger than what we had seen last week by Swiss National Bank and Bank of Japan.
ECB had signal that it will begin its purchase on Italy and Spain bond to try to curb the rising borrowing cost, and prevent a contagion to spread to these economies.
Below is an article by CNBC regarding on G7.
G7: Commited to Ensure Liquidity, Support Markets
Below is another article by Bloomberg regarding on G7.
G-7 to Inject Liquidity as Needed
Take note if you are going with the wind. You maybe caught off guard this time.