Posts Tagged ‘ monetary policies ’
The pressure on China to revaluate the yuan continued at the Asia Pacific Economic Cooperation meeting today after yesterday statement by the region’s finance ministers noted that, “We will undertake monetary policies consistent with price stability in the context of market-oriented exchange rates that reflect underlying economic fundamentals.” [ READ MORE ]
The U.S. dollar strengthened dramatically on Friday, leaving many currency traders to wonder whether the dollar has finally hit a bottom. USD/JPY rose 1.6 percent, the strongest percentage gain in 2 months. The GBP/USD also sold off aggressively, paving the way for further losses. However in order to consider whether the gains [ READ MORE ]
With global economic recovery seemingly in place and several central banks now focused on possible exit strategies from their unconventional ultra accommodative monetary policies, the dollar’s fate is now depended on the direction of US short term interest rates. As we’ve recently noted , the dollar, not the yen has become the dominant funding [ READ MORE ]
With the U.S. markets closed for the Labor Day holiday, trading in the foreign exchange market has been extremely quiet. The U.S. dollar fell against the Euro and Australian dollar but gained strength against the British pound and Japanese Yen. Over the past few years, the currency market has shifted from keying off [ READ MORE ]
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