currencies

US President Obama is scheduled to meet Chinese Premier Wen tomorrow on the sidelines of the UN meeting. Reports also suggest a bilateral meeting with Japanese Prime Minister Kan may take place. Even though the meetings will be separate,…

Via Bloomberg: White House officials expect Lawrence Summers to leave his job as the president’s National Economic Council director after November’s congressional elections, according to three people familiar with the matter. His…

Brazilian officials are getting more serious about curbing the real's strength. First the central bank appears to have stepped up the amount of intervention and has been conducted two auctions a day to buy dollars since Sept 8. Local…

Highlights The US dollar is trading narrowly mixed against most of the major currencies ahead of the FOMC meeting. The euro’s recovery, after disappointing price action late Friday and yesterday, has brought it back to within striking…

Asian equities have been a market darling this year, but the pace of inflows have increased in recent weeks. At around $534 mln, foreign inflows into Indonesia this month after nearly a quarter of the entire year's.   The $222…

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

The economic historian Arnold Toynbee argued that civilization began in the East, expanded around the world, and will return to the East. Even if expressed somewhat differently, many people seem to believe that the 21st century will be a…

Highlights The US dollar is mostly softer, but consistent with this week’s developments, the Japanese yen and Swiss franc are laggards. Additional intervention was not seen and the dollar has held above the JPY85.50. Japanese exporters…

Currency performance this week:  The biggest EM gainers vs. the dollar this past week were HUF, RON, CZK,PLN, MXN, TRY, and ZAR, while the only EM losers vs. the dollar this past week were RUB, PHP, CLP, COP, IDR, and ARS. …

Highlights The yen led gains overnight, rebounding from yesterday’s intervention. Still, USD/JPY remained above JPY85, with the pair hitting a low of JPY85.23, before trading around the 50 mark. EUR/JPY dipped back below JPY111. PM Kan…