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Tag Archives: Currencies
Wen Seen Reducing China’s 8% Growth Target on Rise in Inequality: Economy
Enlarge image Chinese Premier Wen Jiabao Michele Tantussi/Bloomberg Chinese Premier Wen Jiabao. Chinese Premier Wen Jiabao. Photographer: Michele Tantussi/Bloomberg /86875104/ Feb. 22 (Bloomberg) — Bhanu Baweja, head of emerging-market... Read more »
Dollar Remains Higher After Yesterday’s Gain as Oil Damps Growth Outlook
Enlarge image Dollar Higher After Yesterday’s Gain SeongJoon Cho/Bloomberg The greenback traded at $1.3248 per euro as of 8:32 a.m. from $1.3249 in New York yesterday. The greenback traded at... Read more »
German Business Confidence Probably Hit Seven-Month High as Crises Abate
German business confidence probably rose to the highest in seven months in February as progress in taming Europe’s debt crisis tempered the risk of a recession. The Ifo institute’s business... Read more »
Ukraine Fans Default Risk in Russia Bet as Vote Molds Policy
Ukraine’s efforts to seek cheaper natural gas from Russia rather than comply with the terms of a bailout have alarmed investors, propelling the former Soviet republic’s credit risk above Argentina’s... Read more »
BOE Splits as Posen Pushes With Miles for Larger Boost to Asset Purchases
Enlarge image BOE Splits as Posen, Miles Push for Larger Stimulus Increase Chris Ratcliffe/Bloomberg Mervyn King, governor of the Bank of England, speaks during the bank’s quarterly inflation report news... Read more »
Best Forecasters See Yuan to Advance Boosting Dim Sum Bonds: China Credit
140){ self.width(140); } }); }); // ]]> a[rel]“).overlay({ mask:’#333′, effect: ‘default’, onBeforeLoad: function(){ $(‘#container’).addClass(‘overlay_open’); $(‘.overlay_container’).addClass(‘overlay_open’); }, onClose: function(){ $(‘#container’).removeClass(‘overlay_open’); $(‘.overlay_container’).removeClass(‘overlay_open’); } }); ]]> The yuan will extend gains as China... Read more »
Euro Drops Versus Yen for Sixth Week as Region’s Debt Crisis Damps Demand
The euro weakened against the yen for a sixth straight week, matching a string of losses ended in June 2010, after Italy and Spain saw their ratings cut even after... Read more »
Brazil Real Posts Biggest Weekly Gain Since ’08 on Inflation, U.S. Jobs
Brazil’s real gained this week the most since 2008 as larger-than-forecast growth in U.S. jobs fueled demand for higher-yielding assets and prompted bets the central bank will let the currency... Read more »
Asian Currencies Gain as Europe Moves to Stem Crisis Over Sovereign Debt
Asian currencies completed their first weekly advance in a month, led by Malaysia’s ringgit, as optimism European officials will contain the region’s debt crisis helped revive demand for emerging-market assets.... Read more »
Canadian Currency Strengthens for the Week on Gains in Payrolls, Crude Oil
Canada’s dollar touched the strongest level in more than a week versus its U.S. counterpart and gained for the week after government data showed Canadian and American payrolls climbed more... Read more »