Dollar Keeps Gains Vs Euro - The dollar held at a one-week high against the euro on Wednesday, bolstered by figures showing that the United States attracted more than enough foreign investment to offset its trade deficit in January. Read the rest of this entry »
Trade row looms on yuan China risks trade frictions with the United States if it does not make a decision on the revaluation of the yuan in the coming months, warned Morgan Stanley chief economist Stephen Roach. The top US economist, who last weekend met Premier Wen Jiabao in Beijing, said that as tensions mount, a failure by China to act may provoke the most worrisome reaction of all - a protectionist backlash in the United States. Read the rest of this entry »
China yuan revaluation should be 10 pct - China would need to revalue its currency by at least 10 pct in order for such a move to be credible to the markets, said Tony Latter, former deputy chief executive of the Hong Kong Monetary Authority Read the rest of this entry »
Forex Market Turns Focus To Global Inflation Dollar Rallies Ahead of FOMC Meeting China Takes One Step Closer To Revaluation EURUSD With the Fed rate decision right around the corner and oil prices abating for the second consecutive day, Read the rest of this entry »
The currency market may see a mad scramble for dollars this week if the U.S. Federal Reserve signals a readiness for a more aggressive tightening stance at Tuesday’s Federal Open Market Committee meeting, as some are expecting. Read the rest of this entry »
The dollar surged against the euro on Tuesday after the Federal Reserve lifted interest rates for the seventh consecutive time and noted that inflation has picked up in recent months. The Fed raised rates by a quarter point, as expected, to 2.75 percent, widening the interest rate differential above the euro zone’s minimum bid rate of 2 percent. Read the rest of this entry »
