GO
Loading...

Enter multiple symbols separated by commas

Pros Say: Yen Rules, Pound for Fools

The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985. Experts give CNBC their views on the currency market during the global economic slowdown.

Depreciating Currencies Won't Help

Governments should not depreciate their currencies in hopes of spurring an export-led recovery in Asia in the next few quarters, warns Ray Attrill, global head of research at Forecast Australia. He tells CNBC why such a move may backfire.

Sterling-Dollar May Plunge to $1.20

The sterling can plunge as low as $1.20 against the dollar due to the significant headwinds facing the UK economy, says John Horner, FX strategist at Deutsche Bank. He also discusses whether intervention is in the cards.

UK Q4 GDP May Fall 2%

The sterling may fall further as Ray Attrill, global head of research at Forecast Australia expects Friday's UK fourth-quarter GDP to fall as much as 2%, confirming the economy is in a recession. He tells CNBC that sterling-dollar could sink to $1.28 in 3 months.

Intervention May Occur If Dollar-Yen Hits 87

It is very possible that Japan may intervene if yen continues to strengthen, says Harry Ida, senior analyst at Thomson Reuters. He tells CNBC why the so-called "line in the sand" for intervention may happen when dollar-yen hits 87.

BoJ Likely to Tackle Credit Issues Next

The Bank of Japan is unlikely to move on rates Thursday but Jim Vrondas, manager of corporate business at OzForex expects it to outline its plans to tackle the credit issues affecting the banking sector.

China Can't Avoid a Hard Landing

The much feared hard landing of the Chinese economy is actually underway, says James McCormack, MD & head of sovereign ratings at Fitch Ratings, as he expects 2009 GDP to rise just 6%.

China's Growth May Slow Even Further

The risks of a larger decline in China's GDP growth are rising, as exports have only just started to fall, says Ben Simpfendorfer, chief China economist at Royal Bank of Scotland.

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Europe Video

  • People celebrate in front of the Greek parliament as early opinion polls predict a win for the Oxi, or No, campaign in the Greek austerity referendum. Crowds are begining to gather in the squares of Athens waiting for the official result on July 5, 2015 in Athens, Greece.

    Following the No vote win at the Greek referendum, CNBC takes a closer look at the key events to watch out for.

  • Greek referendum unfolded

    CNBC takes a look back at the night Greece went to the polls to vote in a referendum on austerity measures.

  • US markets: All about Greece?

    Michael Gurka, founder & president of BruinHill Partners, gives the rundown ahead of today's U.S. market open.