Posts Tagged ‘weaken’
Things have been awfully quiet for Japan and the Japanese Yen (JPY) of late, but with the risk aversion in the market the Yen has been strengthening. This makes me nervous. The Yen is at 15-year highs vs. Euro, and has been moving in the same direction vs. USD.
Recently, the US admonished Japan for their [...]
The Loonie (CAD) has already touched parity with USD earlier this morning and is likely to weaken further as higher CPI data in Canada has been dismissed in favor of risk aversion due to a slowing global economy and the Euro debt crisis. While inflation may be elevated and higher than expected, it is not [...]
Overnight, Japan announced a $100 billion facility that is intended to help small and medium-sized businesses in Japan deal with the economic impact of a rising Yen. This is in startk contrast to the intervention they have been warning about, and the market is becoming less convinced that they may take action. While this announcement [...]
Quote of the day:“A paranoid is someone who knows a little of what’s going on.” - William S. Burroughs
EURUSD – 1.4111 @06:50 GMT
Good morning. Downside remains under pressure as recent upside pullbacks were short-lived. European finance ministers are meeting today and tomorrow and current fears that Greece will be forced to restructure its debt are dragging [...]
Quote of the day:“You’ve achieved success in your field when you don’t know whether what you’re doing is work or play.” - Warren Beatty
EURUSD – 1.4847 @07:07 GMT
Good morning. The dollar continues to weaken, reaching fresh lows after yesterday Fed Bernanke’s press conference. The euro climbed to as high as 1.4880 earlier today, threatening 1.50 which is [...]
By Zac, CountingPips.com
The G7 major central banks have agreed to intervene in the forex markets to weaken the Japanese yen to offset the surging strength of the Japanese currency following the tragic earthquake and tsunami.
The announcement was made by a joint statement of the G7 finance ministers that said, “We express [...]
Non-standard measures (refis at full allotment, sterilized bond buying..) are fully consistent with price stability.
Tougher sanctions needed for fiscal rule-breakers
Countries with large deficits face a period of low demand
Lower for longer in the euro area as well, sounds like…
