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 ‘us economic’
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...ET in the classroom: Quantitative Easing II
November 1st, 2010 by Financial Writer
What is quantitative easing II?
The term became fashionable post the global economic crisis in 2008, following which most governments across the globe had to pump in huge amount of liquidity in the markets to tide over the crisis. Quantitative easing is the process of infusing money into the system by creating ‘new money’ and eventually [...]
Tags: central bank, economic crisis, economic recovery, economy recovery, Federal Reserve, financial system, Global Economy, stock prices, us economic, us stocks
Dollar Climbs Amid Questions About Fed Program
October 27th, 2010 by Financial Writer
Dollar rallies amid concerns Fed bond-buying program might be smaller than anticipated
The dollar strengthened Wednesday after concerns grew that the Federal Reserve’s plans to buy Treasurys might be smaller and slower than traders anticipated.
Traders have been expecting that the Fed will announce a plan next week to swiftly buy U.S. Treasurys, with some estimating the [...]
Tags: central bank, economic growth, Federal Reserve, financial markets, interest rates, us economic, us stocks, US Treasuries, wall street
Dollar Near One-Week High Versus Euro on Bets Fed Easing to Revive Growth
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
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
China’s interest-rate hike causes turmoil
October 19th, 2010 by Financial Writer
The central bank’s move is aimed at reining in an unbridled real estate market and inflation in China. The move sends stocks and commodity prices plunging around the globe and raises new concerns about the U.S. recovery.
Reporting from Washington and Beijing — A surprise interest-rate hike by China raised the prospect Tuesday that the world’s [...]
Tags: business, businesses, economic recovery, financial system, Global Economy, real estate sector, us economic
China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
China stiffened its opposition to a rapid appreciation of the yuan, setting the stage for a confrontation over exchange rates at this week’s international monetary meetings in Washington.
Premier Wen Jiabao said China will stick to its policy of gradually increasing the currency’s flexibility and lashed out at European Union leaders for teaming with the U.S. [...]
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
Japan’s Benchmark Bond Yields Are Near Six-Week Low as Central Bank Meets
October 4th, 2010 by Financial Writer
Japan’s 10-year government bond yields were near a six-week low on speculation the Bank of Japan will unveil additional easing steps after a policy meeting today.
Ten-year bond futures advanced to the highest level in seven years after Nikkei English News said the central bank may boost purchases of government bonds. Demand for the safety of [...]
Tags: central bank, economic, economic recovery, financial system, interest rates, japan's economy, stock market, us economic
GLOBAL MARKETS-Dollar, stocks rise on China import data
September 10th, 2010 by Financial Writer
The U.S. dollar rose on Friday after strong import data from China bolstered rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a 3 percent gain in oil prices.
Chinese imports jumped in August, helping lift equity markets and commodity prices while diminishing the safe-haven appeal of the Japanese yen [...]
Tags: Dow Jones Industrial, economic growth, economists, economy activity, financial markets, financial system, us economic, us economy
Obama Lays Out Economic Proposals and Assails G.O.P.
September 8th, 2010 by Financial Writer
President Obama on Wednesday called for an end to the Bush-era tax cuts for the wealthy, saying the country cannot afford $700 billion in tax breaks that benefit “millionaires and billionaires.”
Unveiling his economic agenda for the fall campaign in a lengthy and sharply populist speech that sought to appeal to the middle class, Mr. Obama [...]
Tags: banks, economic growth, financial system, Global Economy, interest rates, loans, stock market, us economic