As G-20meetings in South Korea impend, most stock exchange investors don’t risk assets on the European market, a fact that weakens the euro.

The G-20 meeting of finance ministers of the most powerful, economic nations of the globe will circulate around the worldwide currency crisis and its expected consequences.

Timothy Geithner, U. S. Treasury Secretary, recommended that nations which highly depend on surpluses from outside as result of large export trade, should react to the crisis by guaranteeing strong structural and financial support in order to satisfy the global demand and in order to foster domestic production.

The weakening of the Euro ahead of the G-20 meeting stands in contradiction to new statistical data on the German economy published by the Munich-based Ifo Research Institute for economic research.

The data reveal economic confidence on site of German firms in October and intentions to increase employee rates. Although a decrease has been expected, the German business climate index raised from 106.8 to 107.6 in September.

Newedge Strategy comments on the German status quo:”Business confidence remains upbeat despite easing global demand and the negative effects of the recent appreciation of the euro. Domestic demand remains solid as the labor market continues to improve."

On the global currency market, the dollar could record a victory over the euro and the Dollar Index announces its first two-day gain this month.