LONDON, April 14 (Reuters) - European Central Bank complaints about exchange rate volatility are getting louder.
After what sources said were heated and tense discussions, the Group of Seven rich nations toughened its stance on exchange rates on Friday.
And while the first change in the G7's language for four years is significant, it will be an ineffective dollar-boosting step without the ECB backing up its exchange rate concerns with compatible monetary policy.
Perhaps the dollar will get just a wee bit stronger in the upcoming months? One can only hope...