G7 cuts growth view shows regarding the US dollar decline:
The G-7 reported that it strongly endorsed a report from the financial stability forum. The report called for tougher capital requirements for banks and increased cooperation between central banks and regulators. He does for banks have written down roughly 225 billion in assets tied to mortgage defaults and other loans in 2007 G-7 members from the United States and Canada pushed the opinion that global central banks should battle the liquidity crisis by increasing the amount of capital available.
