BoE Seen Boosting QE Program

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“It’s in the US's advantage to have a weaker dollar,” David Bloom from HSBC told CNBC Wednesday. “The weak dollar helps exports, reinvigorates the economy and punishes people like me who hold dollar debt,” he said, adding that it creates a “your dollar, our problem” mentality.

Japan's export data for October is “irrelevant to the prospects of a double dip in” in the country, Naomi Fink from Bank of Tokyo Mitsubishi told CNBC Wednesday. The potential double dip in Japan is “probably much more related to prospects of a double dip in the US,” she added.