The yuan was set for its first weekly gain in three weeks on speculation foreign governments, notably the U.S., will step up calls for the currency to appreciate when leaders from the Group of 20 nations meet next week in Seoul.
The yuan advanced 0.19 percent yesterday after the Federal Reserve said on Nov. 3 that [...]
Posts Tagged ‘currency market’
Yuan Set for Weekly Rise on Speculation of More Foreign Pressure for Gains
November 4th, 2010 by Financial Writer
Tags: banks, businesses, Chinese economy, currency market, economic growth, economic recovery, Federal Reserve, Global Economy, us economic
more...As Dollar’s Value Falls, Currency Conflicts Rise
October 20th, 2010 by Financial Writer
Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten [...]
Tags: currency market, economic, economists, financial crisis, financial markets, Global Economy, Global Markets, IMF, interest rates, us economic
Yuan Climbs to Strongest Since 1993 After Obama Criticizes China Policies
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy
Yen Falls From 15-Year High Against Dollar After Japan Sells Its Currency
September 18th, 2010 by Financial Writer
The yen tumbled from a 15-year high versus the dollar and weakened against all of the most-traded currencies after Japan intervened for the first time since 2004 to curb gains that threaten an export-led recovery.
The yen had its biggest weekly decline against the greenback since April after Finance Minister Yoshihiko Noda said on Sept. 15 [...]
Tags: bank of japan, currency market, economists, Federal Reserve, finance minister, financial system, interest rates
Dollar steady versus yen but market wary of intervention
September 16th, 2010 by Financial Writer
The dollar held near its highest in a month against the yen on Friday, capped by chart points and expected sales by Japanese exporters but supported by wariness of Japanese yen-selling intervention.
The euro hovered below a one-month high on the dollar and yen after strong demand at a Spanish bond auction and after the Swiss [...]
Tags: currency market, japan's economy, japanese business, Make Money
FOREX-Yen nears 15-year peak versus dollar; euro rises
August 31st, 2010 by Financial Writer
* Market tests Japan’s willingness to intervene
* Dwindling U.S.-Japan yield gap seen hurting dollar
* Euro hits record low against Swiss franc on risk aversion (Adds detail, updates prices, changes byline, changes dateline, previous LONDON)
The yen rose toward a 15-year high against the dollar on Tuesday as investors shrugged off the Bank of Japan’s latest easing [...]
Tags: bank of japan, currency market, Federal Reserve, financial, investors, wells fargo
Japan Yen Intervention May Fail Without U.S., European Union Coordination
August 29th, 2010 by Financial Writer
Any effort by Japan to weaken the yen after it rallied to a 15-year high may fail without help from the U.S. and the European Union, currency strategists say.
Speculation that Japan may intervene in the foreign- exchange market rose after Prime Minister Naoto Kan said Aug. 27 the government is ready to take “bold” action. [...]
Tags: bank of japan, currency market, economic recovery, Global Economy, investors