The Wall Street Journal is reporting that minutes of a meeting in China two months ago reveal that officials there have abandoned their commitment to give market forces greater sway in setting the yuan’s exchange...
Ashith Kampani, an Independent Financial Advisor & Entrepreneur, with capital market experience of more than 30 years. Currently Chairman of CosmicMandala15 Financial Advisors LLP, chairing two committees of Bombay Chamber – India’s premier chamber of...
The US dollar’s upside momentum has faded, but oil prices remain depressed. Many observers try, too hard perhaps, to link the decline in commodity prices in general, and oil in particular, to the appreciation of...
The euro has continued its steady rise against the US dollar, with analysts viewing the development as a sign of economic recovery in the area using the currency. But the surge might not be sustainable....
The US dollar is little changed against most of the major currencies as summer market awaits the week’s key events that begin in earnest tomorrow. The Australian dollar is the biggest mover, dropping about 1.5%...
Federal Reserve chairman Ben S Bernanke has hinted that the economy may still require stimulus to bolster growth, that may lead to a rally in weak foreign currencies, especially in the emerging markets. Bank of...
