TOKYO, Feb 3- Japan's Finance Minister Taro Aso on Sunday said it was not Tokyo's goal to weaken the yen and its policies were purely aimed at beating deflation, brushing off foreign concerns about currency wars ahead of a G20 meeting in Moscow.
Currency hedging cost Japanese companies such as Honda Motor the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings.
TOKYO, Feb 3- Currency hedging cost Japanese companies such as Honda Motor Co the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings. "The rally is completely driven by hopes rather than facts," said Soichiro Monji, chief strategist at Daiwa SB Investments.
NEW YORK, Feb 1- The euro hit a 14- month high against the U.S. dollar and 33- month peak against the yen on Friday, the beneficiary of stronger-than-forecast euro zone manufacturing data and expectations of easy monetary policy from Washington and Tokyo.
NEW YORK, Feb 1- The euro hit a 14- month high against the U.S. dollar and 33- month peak against the yen on Friday, the beneficiary of stronger-than-forecast euro zone manufacturing data and expectations of easy monetary policy form Washington and Tokyo.
The Labor Department said 157,000 jobs were added in January. The euro rose to $1.3662 in late trading Friday from $1.3574 late Thursday. The dollar fell to 0.9078 Swiss franc from 0.9098 Swiss franc and to 99.71 Canadian cents from 99.76 Canadian cents.
NEW YORK, Feb 1- Major world stockmarkets rose to their highest levels in nearly two years on Friday helped by manufacturing and employment data indicating the global economic recovery is on track.
NEW YORK, Feb 1- The dollar fell to a 14- month low against the euro on Friday after U.S. jobs data reaffirmed expectations the Federal Reserve will maintain its stimulative policy and as euro zone factories had their best month in almost a year.
NEW YORK, Feb 1- The dollar fell to a 14- month high against the euro on Friday after U.S. jobs data reaffirmed expectations the Federal Reserve will maintain its stimulative policy and as euro zone factories had their best month in almost a year.