The “official” rhetoric regarding the possible appreciation of the Chinese Yuan continues while market players’ belief of the same receded.
Category Archives: General Forex
U.S. Dollar edges up Off of 15-month Low, but Downtrend Continues
The slide of the U.S. Dollar continues the 15-month downtrend in Sydney trading today, reinforced by the Federal Reserve stance to maintain the status quo. On Monday, the Chairman of the U.S.
Japanese Yen Nears 5-week Peak on Potential Changes to Capital Requirements
The Japanese Yen traded close to a 5-week peak versus the U.S. Dollar on speculation that there is growing pressure on Japan’s banks to raise capital. As reported at 6:51 a.m. (GMT) in London, the Yen was trading at 89.15 Yen against the U.S. currency, off of yesterday’s peak of 88.74 Yen in New York.
US Plans To Dismantle Banking Giants
In a move which would make the blood of any true free-marketeer run cold, a key US House of Representatives committee has voted to give government the power to order that large banks be split up.
Japanese Yen Firms on Mixed Chinese Data
The Japanese Yen moved higher in Asian trading today, gaining against high-yielders following the release of mixed economic reports coming out of China.