*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY/ TOKYO, July 31- The dollar held below a 10- month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.» Read More
The Swiss step back and Fed watchers are busy - time for your Wednesday FX Fix.
"You probably have to distinguish between different countries. I think in Japan's case it's fairly easy it's all about exchange rates and that's obviously depressing sentiment and exporters and depressing the willingness and profitability of large companies," Richard Jerram, chief economist at Bank of Singapore told CNBC. "I think Korea is more interesting because that's more geared directly to the global cycle and it does suggest that maybe global demand is not really as robust as people had been hoping," he added.
The real safe haven currency is about to stand up, this strategist says.
Recession warnings sting, Italian debt gets no love, and the euro's in a funk.
Sean Callow, Senior Currency Strategist at Westpac Bank says QE3 would be bad news for dollar-yen. He explains why.
If and when the S&P 500 rolls over, CHF/JPY will selloff, says Todd Gordon, Aspen Trading.
The dollar is set to slide, and Poland's finance minister says the euro's on the edge — it's time for your FX Fix.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.
with CNBC's Melissa Lee and the Money In Motion traders.
How to identify technical patterns that could make you money, with CNBC's Melissa Lee and the Money In Motion traders.
How to manage a winning currency trade. On July 27th, Andy made a bullish bet on the New Zealand dollar, with CNBC's Melissa Lee and the Money In Motion traders.
Trading Trichet and Bernanke. Will Trichet soften his tone at Jackson Hole? And the currency trade behind the conference, with Michelle Meyer, BofA Merrill Lynch, and CNBC's Melissa Lee & the Money in Motion traders.
"My favourite candidate [to replace Naoto Kan as Prime Minister] is Yoshiko Noda, the finance minister, but as to who is most likely, that is still very hard to tell," Takuji Okubo, chief Japan economist at Societe Generale, told CNBC.
"True European fiscal union is something we will probably not see for another ten or twenty years," Alan Capper, head of credit strategy at Lloyds Banking Group told CNBC. He added that some countries within Europe were dealing with "generation long" economic problems and that some members of the Euro zone would have to get used to a long period of low or no growth and markets should price for the risk accordingly.
Fed Chairman Ben Bernanke speaks on the economy and policy, at a time when both are shaky in the eyes of the markets.
The Japanese government's unconventional plans to minimize the effect of a rising yen on its businesses did not stop the currency from rising against the dollar again Wednesday.
"As far as I can see, this deal is specifically aimed at providing support for companies that have suffered through the strength of the yen. That seems a far more sensible thing to do then actually try and take on the strength of the yen itself," Simon Derrick, chief currency strategist at BNY Mellon, told CNBC.
Adrian Foster, Head of Financial Markets Research, Asia Pacific at Rabobank discusses how the temporary $100 billion emergency credit facility will help the strong yen.
Japanese yen rallies to record level to post-WWII record of 75.95 per dollar, with CNBC's Mandy Drury.
"For the Swiss franc to look like an attractive funding currency again when it is in competition with so many other currencies at the moment we would need to see....direct intervention on the part of the Swiss National Bank," Adam Cole, head of currency strategy, RBC. He added that he did not expect much in the way of dovish comments from Fed chairman Ben Bernanke when he speaks on Friday.