NEW YORK, Sept 1- The dollar sagged against the safe-haven yen and low-yielding euro on Tuesday as weak Chinese factories data drove investors to unwind bets against the two currencies widely used to fund positions in riskier assets. "Most of these hedged positions are over-hedged and they have to buy the currencies," said Mark McCormick, a strategist at Credit...» Read More
Japan's move to ease monetary policy on Tuesday is a form of currency intervention, said Michael Power, strategist at Investec Asset Management.
In the present circumstances, analysts tell me the weaker dollar is probably 'good' for most Americans. We are battling the power of two nightmares: double dip and deflation.
Japanese authorities were silent after a sudden jump in the dollar against the yen that traders said was due to the Bank of Japan intervening in the currency market Friday to weaken the Japanese currency.
Japan stands ready to intervene again in foreign exchange markets, but also plans to put in place broader economic and monetary policies that will help to weaken the yen, according to Naoto Kan, the prime minister. The FT reports.
The "Fast Money" traders don't think the Bank of Japan's intervention will be long-lasting, but they do have ideas on how to play it.
How can the Japanese get a pass to intervene when the Chinese are being criticized for essentially the same activity?
Japan has been conditioning the US and Europe for Tokyo’s potential intervention against the rising yen, according to Naoto Kan, prime minister.
The expression “new 15-year high” is getting to be old hat for the yen’s strength against the dollar, but the strong Japanese currency trade could still have some legs.
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
Stocks could finish August on a cranky note before entering September - historically the worst performing month for stocks.
Analysts at JPMorgan Chase lowered their price forecast and urged clients to sell oil. But how are the traders playing this call?
The final days of summer could bring more disappointing employment and manufacturing data, setting the stage for a choppy September.
Investors need to be very careful about investing in risky assets as markets remain in a state of "heightened alert", said Simon Warner, head of macro markets at AMP Capital on CNBC's Protect Your Wealth.
Dismal news on housing overwhelmed stocks Tuesday, and the markets now look to Wednesday's housing and durable goods reports with newly lowered expectations.
Japanese economic officials have long been accused of moving too slowly and timidly in reponse to a decade-long deflation, and they now seem to have few good options, whatever their will for pursuing them. The NYT reports.
Investors betting on the tech replacement cycle should "prepare to be fried", warned chartist Daryl Guppy, CEO of Guppytraders.com.
The dollar continued its slide against the yen on Wednesday, moving within sight of a 15-year low versus the Japanese currency. Just how low will the dollar-yen go?
Only a few weeks ago, the dollar was powering towards its highest levels in four years, the beneficiary of widespread gloom about Europe’s debt crisis and rising optimism about the US recovery. Since then, investors have soured on the world’s largest economy. The FT reports.
The July rise in wheat prices, the fastest in 51 years, indicates that shortages in agriculture are coming, Jim Rogers, chairman of Rogers Holdings, told CNBC.com Tuesday.