SAO PAULO, July 3- Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday. Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions.» Read More
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.
The euro rose against the dollar and yen on Monday after incurring heavy losses for three straight days as an ECB policymaker dismissed talk of intervening to weaken the currency.
Discussions about an overvaluation of the euro are simply a diversion from governments' task of sorting out their economies, ECB's Weidmann said on Monday, resisting political pressure to weaken the currency.
CNBC's Simon Hobbs reports European markets closed in the red as shares of Danish Pharma group Novo Nordisk fell sharply after U.S. regulators requested additional tests on the firm's new insulin drugs.
Kit Juckes, global head of foreign exchange strategy at Societe Generale, points out the U.S. has had a weak dollar policy for a very long time.
With political uncertainties buffeting the euro, and a divergence in growth prospects between north and south within the euro zone, these strategists are recommending a northern exposure trade.
The Group of Seven nations are considering issuing a statement reaffirming their commitment to "market-determined" exchange rates in response to heating rhetoric about a currency war.
Comments from a candidate to lead the Bank of Japan weigh on the yen, and political uncertainty and a G20 meeting weaken the euro - it's time for your FX Fix.
CNBC's Ross Westgate reports European shares were mixed in Monday morning trading, ahead of a meeting of euro zone finance ministers.
As leaders from around the world meet this week to discuss fears of competitive currency devaluations, analysts told CNBC the currency war could lead to a sharp rise in gold prices in the second half of this year, after a falloff in the first half.