Abe
Currency Market Pause Between Major Events
February 26, 2013
Italian elections results sent all financial markets reeling yesterday, but incremental overnight movement in the dollar has been minimal. It will take quite a while before political direction will be established in the euro area’s third largest economy, which places the prospects for reforms and continuing financial market calm in jeopardy. In the meantime, investors […] More
Yen Weaker after G20 Statement’s Release
February 18, 2013
A statement from G20 finance ministers and central bank governors did not single out Japan. Officials said competitive currency devaluations should be avoided by allowed domestic macroeconomic stimulus to promote growth and counter inflation that is too low are negative. The yen fell to overnight lows of 94.23/USD and 125.93/EUR. China has reopened after the […] More
Falling Yen Trend Extended
December 26, 2012
Much of Europe remains shut for holiday, including Britain, Switzerland, Germany, Italy and Greece. Canada, New Zealand and Australia are also closed for Boxing Day. There were a number of Japanese developments. Shinzo Abe was chosen prime minister by the newly elected parliaments. Since Koizumi, who served several years through September 2006, Japan has had […] More
Not a Big Reaction to Greek Debt Agreement
November 27, 2012
Ecofin and the IMF settled their differences over Greek aid, paving the way for a EUR 34.4 billion installment next month. The accord’s assumptions about future Greek growth look suspect. The dollar is 0.2% stronger against the euro and Swiss franc, unchanged versus the yen, yuan, kiwi, and sterling, down 0.1% against the loonie, and […] More
