The Trump administration seems to be stepping up the pressure on the Japanese yen, accusing Japan of manipulating the exchange rate to its advantage. In our view, the accusation is essentially valid. Japanese policy makers...
The market has not changed its mind. Following Brainard’s comments yesterday the market had downgraded the chances, which were already modest, of a Fed hike next week. The September Fed funds futures is unchanged on...
The run on the yen continues.The US dollar and euro are at new multi-year highs against the yen. The BOJ confirmed its JPY80 trillion monetary base target unexpectedly adopted at the end of last month....
Direct conversion between the yuan and the yen, which began about two years ago, has been an important milestone in the process of internationalising the Chinese currency. Although there has been a lot of progress...
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...
The German DAX index has climbed to yet another record close-of-trade figure, but one notable commodity losing ground was silver. Precious metals have been sliding in recent months, albeit after a meteoric decade. The price...