The "Mad Money" host explains how a lower dollar could help the US out of a weak economy.
Fears of a "currency war," in which countries devalue their currencies to gain a trade advantage, dominated headlines last week ahead of the weekend meetings in South Korea of the finance ministers from the 20 leading economies that make up the Group of 20 (G-20).
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
The euro is likely to continue its rise against the dollar in the long term, but investors should watch out for setbacks in the near term, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
Japan is cutting interests rates to virtually zero. This means investments in Japanese debt are as good as putting your money under your mattress; the money will likely still be there but when you get your yen back, don't expect any rate of return. What could be worse, purchasing power is likely to be impacted even with minimal inflation. Japanese drama continues.
While countries have different reasons for devaluing their currencies, one of the common threads is a desire to keep up with the cost of goods from other export-driven nations.
US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.
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.