Emerging-market currencies are sliding with commodity prices, but hawkish central bankers are propping up the euro and the dollar. Get your daily FX Fix right here.
What do you do when the ugly get uglier and you are looking for a profit in the currency markets?
The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.
It's a rough day for the British pound, but the sun is shining down under — it's time for your FX Fix.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
The yen may regain its status as a carry trade of choice now that the G7 has intervened to halt its rise. Is another rush into global assets coming?
Troubles in Portugal and Spain aren't keeping the euro down, but anemic retail sales are doing a number on the British pound — it's time for your FX Fix.
Despite record inflows into the Japanese ETF, options traders are less than optimistic about a Japanese recovery.
The billions of dollars in yen sold by the world’s most powerful central banks have sent a strong message to speculative investors. Those daring to bet that the Japanese currency will again test 76.25 yen, the record high against the dollar it hit last week before the G7’s intervention, better have deep pockets. The Financial Times reports.
There is no shortage of challenges facing the world today and many investors are frozen waiting for clarity in these times of uncertainty. The problem is, in all likelihood, the world will not settle down any time soon and we will surely continue to see geopolitical shifts and unrest plaguing the investment world. So what are investors to do?
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Heavy-machinery company Deere still sees itself doubling in size over the next eight years, due in large part to construction and agriculture in Asia, the corporation’s CEO, Samuel Allen, told CNBC Tuesday.
That sound of pounding hooves you’ve been hearing is of investors entering Japan, not leaving the disaster-ravaged country, which has become an unlikely darling for fund money.
Crises like those in Japan and the Middle East shouldn't be any threat to the dollar, this analyst says.
The G7 intervened to weaken the Yen last Friday in an attempt to stabilize the Japanese currency’s dramatic rise since the catastrophic earthquake, tsunami, and nuclear disaster. Europe’s central banks, the Federal Reserve and the Bank of Canada followed the Bank of Japan’s Yen sales, pushing it down against the US dollar.
Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.
Risk-on investors are back in action, and the euro is riding high — it's time for your FX Fix.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
Looking at the pure economic ties between Japan and the UK for instance, it's hard to justify why UK stocks should fall so heavily.
The G-7's intervention has halted the yen's rise, but what happens next isn't clear. Here's how to trade.