The yen lost some ground against the dollar and euro but remained near the tops of its recent ranges on Monday.» Read More
The chairman of the US Federal Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi. The FT reports.
The guest blogs are carrying some smart currency-related commentaries today. Here's a guide.
The Obama administration has begun discussions with the Senate about whether a bill aimed at forcing China to let its currency rise is "the right approach" to the long-running currency issue, a top U.S. official said Tuesday.
During the debt-ceiling debacle, Washington pushed the U.S. economy close to an abyss. Now it is risking US-Chinese relations.
Australia may cut rates, China may start a trade war, and the Greek tragedy plays on - time for your FX Fix.
Alistair Fullerton, global head of strategy at IND-X Securities, says that avoiding a Greek default should be a global priority and amid such uncertainty in markets, advises investors to be long cash.
John Frisbie, President of U.S.-China Business Council says currency legislation is the wrong way to get a market-driven exchange rate.
After years of trying, Congress is taking another stab at retaliating against what many see as Chinese manipulation of its currency to make its exports to the United States cheaper and U.S. goods more expensive in China.
The Chinese renminbi was a more popular currency for company bond sales than the euro for the first time in the third quarter, underlining the debilitating effect of the eurozone’s sovereign debt crisis, while China has nurtured its own, potentially huge bond market. The Financial Times reports.
EUR - USD spread shall continue towards $1.29 by year end and will fall further in Q1 2012 to $1.18, says Ashraf Laidi, CEO at Intermarket Strategy.
As impossible it might sound at this point in time, China is all set to do what the US has been wanting for the last 18 months – appreciate the Yuan.
Erwin Sanft, deputy head of Asian Equities Research at BNP Paribas, predicts that Q3 economic and corporate data in China is unlikely to be positive. He advises investors to have exposure to discretionary consumer area as it's positively influenced by inflation.
Weighing in on what China can do to support a large portion of its export demand, with John Rutledge, Rutledge Capital chairman.
Sean King, vice president of Park Strategies, describes current U.S. China relationship as honest and says that there is still a possibility for Taiwan to get the new F-16 jets it has requested.
Kelvin Lau, senior economist at Standard Chartered, sees bright spots in the CNH market and says dim sum bonds and options in this space are especially resilient given the current weak macro conditions. He expects the CNY appreciating about 5-6% at an annualised pace.
Viktor Hjort, executive director at Morgan Stanley, talks about the latest developments in Europe and U.S. rounding up with forecast on foreign exchange markets.
The undervalued yuan gives China an "unfair advantage", Gary Locke, US ambassador to China, told CNBC.
Three years after the outbreak of the global financial crisis, and despite trillions of dollars of monetary and fiscal stimulus, policymakers and leaders seem to be suggesting they are willing to look at bigger steps to solve global economic imbalances and kick-start growth.
Premier Wen Jiabao on Wednesday offered to help Europe. But, in an unprecedented move for China, he linked the offer to a potentially onerous demand: that Europe renounce its main legal defense against low-priced Chinese exports. The NYT reports.
Below the surface, there are structural problems that need to be recognized. We carefully assess these trends as we make investment decisions.