Will U.S. criticism affect Japan’s FX stance?

December 28, 2011

Currency analysts are divided over whether U.S. criticism of Japan’s forex policy will change Tokyo’s currency stance. While some say it could raise the hurdle for further Japanese intervention, others think it might not have much impact. Rob Ryan, FX strategist at BNP Paribas in Singapore says the effect will be limited given uncertainty about the Japanese economy’s outlook and current levels of dollar/yen and cross/yen pairs.

from Jeremy Gaunt:

Why is the euro still strong?

November 10, 2011

One of the more bizarre aspects of the euro zone crisis is that the currency in question -- the euro -- has actually not had that bad a year, certainly against the dollar. Even with Greece on the brink and Italy sending ripples of fear across financial markets, the single currency is still up  1.4 percent against the greenback for the year to date.

from Jeremy Gaunt:

When things stagnate

October 25, 2011

Goldman Sachs researchers have been hitting the history books again, trying to divine what happens to currencies when economies stagnate. Answer:  Not as much as you might think

from Christopher Whalen:

Are U.S. regulators worsening E.U. credit squeeze?

August 5, 2011

"Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing." -William McChesney Martin Jr., Chairman, Board of Governors of the Federal Reserve System

The meaning of a dollar

July 27, 2011

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The harshest congressional critic of the Federal Reserve faced the toughest internal questioner of central bank policy across a witness table on Capitol Hill on Tuesday. Surely there would be a meeting of the minds. Alas, it was not to be.

Giant FX market now $4 trillion gorilla

September 1, 2010

Global foreign exchange has always been one of the biggest markets in the world but its exponential growth keeps accelerating. The triennial survey by the Bank for International Settlements shows global foreign exchange market turnover leapt 20 percent to $4 trillion, compared with $3.3 trillion three years ago.

from Sebastian Tong:

Stop pushing and we’ll do it

March 18, 2010

The growing acrimony in the international debate over China's currency policy has led some to warn that Beijing could dig in its heels if pushed to hard to let its yuan rise. crybaby

What can Kan do?

January 7, 2010

Mixed reaction from major European banks to appointment of Naoto Kan as new Japanese finance minister. ING is pretty scathing, saying the appointment sidesteps a process of change Japan must undertake to avoid further stagnation or a fate far worse.

Former Head of U.S. Mint Goes for Gold

November 12, 2009

You know the American dollar is in trouble when… 
There is plenty of discussion about the fate of the U.S. greenback these days, what with multi-trillion dollar rescues still flowing through the financial system. But dollar bulls might feel just a little trepidation to see Jay Johnson, former head of the U.S. mint — the folks that print the stuff — become a spokesperson for gold. Johnson actually passed away last month, but he can still be seen on TV infomercials, singing gold’s praises.  

Rebalance or else, IMF says

August 18, 2009

The International Monetary Fund has been warning for years about the risk of global imbalances — namely huge U.S. current account deficits and surpluses in China. Today its chief economist offered a grim view of how the economy might suffer if the rebalancing act fails.