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- Timing of CNY Revaluation Remains a 'Known Unknown'
- By Kevin SollittLast week we touched on the theme of possible CNY revaluation, or de-pegging, as some might say. Everything we have seen and heard over the past several days has done nothing to dissuade us from this view. The fact that initial reports from the APEC summit...
- External links 2009-11-16
- Japanese Yen Continues to Defy Gravity
- Figures released yesterday show that Japan is in a deflationary phase. For the sixth consecutive month, consumer prices have fallen in the world’s second largest economy. The latest decline, for August, is 2.4% year-on-year. Whilst this is undoubtedly welcome news for the Japanese consumer, it points to a worrying...
- External links 2009-09-29
- Japanese Yen Rises, Then Falls, On Fujii's Comments
- Conflicting comments by the Japanese Finance Minister lead to the Yen’s rise and fall in Asian trading today. As reported at 2:34 p.m. (JST) in Tokyo, the Japanese Yen touched on a 8-month peak versus the U.S. Dollar in early trading, following comments by Hisohisa Fujii that the recent...
- External links 2009-09-28
- Greenback Plunges to One Year Low; Higher Yielding Currencies Rejoice
- With growing optimism over the bettering health of the world’s economies, investors shed themselves of the low-yielding U.S. Dollar, plunging the greenback to its lowest levels in a year, in favor of higher yielding, asset-based currencies such as the New Zealand Dollar, as well as the Euro. As reported...
- External links 2009-09-23
- BoE: New Lower Threshold for the Pound?
- According to the Bank of England, Sterling may become a long term victim of the recession, settling at a lower level than other major currencies (of course, this has all the hallmarks of a self-fulfilling prophesy). This would tend to make UK exports more affordable than those from other major...
- External links 2009-09-22
- U.S. Dollar Rises Ahead of Key Economic Meetings
- As reported at 12:58 p.m. in Sydney trading today, the U.S. Dollar rose in light Asian trading, continuing the greenback’s rebound from Friday’s trading in New York. Investors are attempting to cover their short positions in advance of key economic meetings to be held later this week; the Federal Reserve...
- External links 2009-09-21
- Yen Gains on New Finance Minister's Comments
- As reported at 8:56 a.m. (BST) in London, the Japanese Yen moved up against the U.S. Dollar in trading today following comments made by the newly appointed Japanese Finance Minister, Hirohisa Fujii, who pointed out that there are benefits and advantages to the Japanese economy if the Yen is strong,...
- External links 2009-09-16
- Japan's New Prime Minister Takes Charge; Yen Unaffected
- Yukio Hatomaya, of the Democratic Party of Japan (DPJ), took office yesterday as prime minister of the world’s second largest economy, ending 50 years of rule by the Liberal Democratic Party of Japan. Hatomaya inherits leadership of a country with a rapidly ageing society and in the midst of the...
- External links 2009-09-16
- USD Trade Mixed After Friday's Sell-Off
- In Friday’s trading in Tokyo, the U.S. Dollar traded mixed. As reported at 3:17 p.m. (JST), the U.S. Dollar Index, which is a measure of the greenback’s value versus a group of major currencies, edged up to 78.089 .DXY, an increase of .1%. The U.S. Dollar suffered in...
- External links 2009-09-14
- U.S. Dollar: Lowest Price This Year
- The U.S. Dollar continues to be on the defensive in Tokyo trading today, remaining poised near its lowest price this year. As reported at 2:48 p.m. (JST) in Tokyo, the U.S. Dollar Index, which estimates the U.S. currency’s performance against a group of major currencies, traded at 76.927 .DXY,...
- External links 2009-09-10
- BoE: Counterfeiting vs. Quantitative Easing
- At some time in childhood, most of us looked at a copying machine and asked our parents why, if we were short of cash and most people were we couldn’t just print some more money. Our parents would have smiled benignly and explained that that would be called counterfeiting and...
- External links 2009-09-10
- U.S. Dollar Struggles as Risk Appetite Is Fueled
- As reported at 3:21 p.m. (JST) in Tokyo, the U.S. Dollar is struggling to recover from its lowest point versus commodity-linked currencies such as the New Zealand and Australian Dollars. Versus the single currency Euro, the greenback is floating close to its lowest price this calendar year as investors...
- External links 2009-09-09
- Fujii Recants Earlier Comments; Yen Keeps Swinging
- Hirohisa Fujii, the Finance Minister for Japan, recanted earlier statements about the Japanese government not intervening in a strong Japanese Yen. In comments made today, the Finance Minister said that the new administration would not hesitate to take action during “irregular” or extreme movements of the currency, but insisted...
- External links 2009-09-29
- Better than Expected Retail Sales Data Prop Up Australian Dollar
- The Australian Dollar hit a 13-month high versus the U.S. Dollar as better than expected retail sales data from Australia provided mounting evidence that an interest rate increase could be forthcoming before year end. Speculators believe that, as early as November, the Reserve Bank of Australia will likely move...
- External links 2009-09-30
- All Eyes Are on the Bank of England
- By Kevin Sollitt Trading is likely to be somewhat subdued in North America on Wednesday due to partial market observance of Veterans’ Day. by Daily Forex
- External links 2009-11-11
- Japanese Yen Firms on Mixed China Data
- The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China. Retail sales and industrial output in China both rose more than expected last month, initially pushing the Yen lower; later in the day, upon the release of...
- External links 2009-11-11
- Volatility Continues in the Stock Markets
- If anybody imagines that the transition from recession to growth would be a smooth one, they are going to be disappointed. Yesterday’s market figures from Europe amplified this point forcibly. The FTSE shed 2.3% of its value with the CAC 40 in Paris down by 2.14% and Frankfurt’s Dax lost...
- External links 2009-10-29
- The Japanese Yen Climbs Broadly on Profit Taking
- Profit taking helped spur the Japanese Yen higher against a number of currencies in Asian trading today. As reported at 3:42 pm (JST) in Tokyo, versus the U.S. Dollar, the Japanese Yen traded at 90.40 Yen, an increase of .4%, continuing yesterday’s gains. Higher yielding currencies also lost...
- External links 2009-10-29
- Oil Price Is at Record Level for 2009
- Oil is pretty much the life-blood of the global economy. To a first approximation, the price rises as economic activity and demand climb; so higher prices for crude are seen in some quarters as the herald that better economic times are ahead. The value for US light crude peaked at...
- External links 2009-10-27
- Oil Price Rises to Highest Level in 2009
- It could be said that crude oil genuinely lubricates the wheels of the global economy; it being essential to many sectors from plastics to transportation and energy generation when processed. The price tends to rise with increasing demand and in times when the Dollar is weak; such as now. The...
- External links 2009-10-20
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