BERLIN, July 5- The head of the European Parliament, Martin Schulz, told German radio that Greece would have to introduce another currency if the "no" vote wins in Sunday's referendum on an aid-for-reforms deal. "Is Greece still in the euro after this referendum? That is certainly the case, but if they say' no' they will have to introduce another currency after the...» Read More
The volatility in the currency markets has been high leading up to the G20 meeting, and it's giving this strategist a trading idea.
The yen traded flat against the dollar Wednesday, a day after sharply rising, as investors grew cautious ahead of a meeting of finance ministers and central bankers later this week.
The G-7 statement and after-statement rocked currency markets and left investors wondering what was really intended. This strategist says it's all just talk.
An HSBC report ranked the Japanese yen and the Swiss franc as the world's most aggressive currency warmongers.
CNBC's Simon Hobbs reports on today's top business headlines from Europe.
G-7 officials issued a currency statement, "clarified" it and then criticized the clarification! Pimco's Mohamed El-Erian says prepare for more confusion.
The British pound slumps on Bank of England comments and consumer confidence buoys the Aussie - it's time for your FX Fix.
CNBC's Kelly Evans reports European shares were mixed in morning trade, as investors digested a series of earnings news, and focused on currency wars.
A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.
Peter Whitley, Senior FX Analyst at Thomson Reuters says to expect more volatility in the yen ahead of the BOJ meeting.
The world's major economies may be trying to ease concerns about a currency war, but it appears that they are sowing confusion in the foreign exchange markets instead.
Takuji Okubo, Chief Economist, Japan Macro Advisors sees dollar/ yen rising to the 95 -110 area. He says the Bank of Japan's stimulus will be put on the back-burner until new management takes over.
The yen rebounded Tuesday, rising from a nearly three-year low against the dollar hit during the previous session, after a G7 official said a statement was meant to express "concern about excess moves" in the Japanese currency.
Hint: it's the oil, stupid.
A statement from G7 countries attempts to tamp down global tension about the falling yen and currency devaluations. Whether it will work is unclear.
All this chatter about a so-called global currency war is utter nonsense, Larry Kudlow says. He believes all that is happening is the Japanese are taking steps to increase liquidity and depreciate their vastly overpriced yen.
Monetary policies must not be directed at devaluing currencies, the Group of Seven nations said in a statement aimed at cooling growing international tensions over exchange rates and prompting yen to surge.
CNBC's Simon Hobbs reports European shares staged a turnaround, as bank stocks closed higher.
The Group of Seven try to quiet talk of a currency war, and unchanged inflation weighs on the pound - it's time for your FX Fix.
CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.