The euro remained under pressure Tuesday despite the German government approving a second stimulus package worth $64 billion to help Europe's largest economy.
Experts tell CNBC the rescue package is "irrelevant" and that the euro will remain under pressure ahead of the European Central Bank rate decision on Thursday.
German Stimulus Has 'No Net Benefit'
Germany's newly approved stimulus package is "irrelevant" in rescuing its ailing domestic economy, says Roger Nightingale, strategist at Pointon York. He offers his insights as to what needs to be done instead.
Euro Under Pressure
The euro will be under even more pressure ahead of an ECB rate cut this week, notes Jim Vrondas, manager of corporate business at OzForex.
Dollar May Hit 85 Yen by End-Feb
The yen's strength is being supported by risk aversion as stock markets declined over the past week. John Kyriakopoulos, head of currency strategy at National Australia Bank sees the dollar falling to 85 yen, a level Japanese authorities are likely to intervene.
In Favor of Yen Intervention?
There is a strong argument for yen intervention as Japan has little or no leeway to ease on the fiscal and monetary side, says Callum Henderson, head of FX strategy at Standard Chartered Bank.
Hang on to Gold
V. Anantha Nageswaran, managing director at Bank Julius Baer Singapore, believes in keeping gold as an important currency hedge for the next 1-2 years.
US Banks Likely to Let Go of Asian Banks
In an effort to raise capital and shore up balance sheets, more big U.S. banks may sell their stakes in Asian banks. Elena Torrijos, managing editor at The Asian Banker gives her 2009 outlook for Chinese banks.
S&P Lowers Ratings for Chinese Banks
Standard and Poor's Ratings Services has lowered its ratings on Chinese banks from 'cautiously optimistic' to 'stable'. Its senior director of financial institutions, Ryan Tsang tells CNBC the headwinds affecting the sector in 2009.
Euro Stocks More Bullish than US: Charts
"In general the European markets are somewhat more bullish than the U.S.," Roelof Van Den Akker from ING Wholesale Banking told CNBC, when looking at the Euro STOXX 50 and Dow charts.