Chris Walker News
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The yen weakened to the lowest level against the dollar since May 2009 on speculation Bank of Japan measures to fight deflation announced last week will further debase the currency.
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The yen weakened beyond 99 per dollar for the first time since May 2009 on speculation Bank of Japan measures to fight deflation announced last week will further debase the currency.
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The Bank of Korea will keep its benchmark interest rate unchanged this week, running counter to forecasts by some economists for a quarter-percentage point reduction, according to Barclays Plc’s investment banking unit.
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UBS AG, Switzerland’s biggest bank, dismissed currency strategist Chris Walker as part of its plans to cut about 10,000 jobs to revive profit.
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Chris Walker , a foreign-exchange strategist at UBS AG in London, comments on the prospects of the U.S. lifting interest rates. Walker spoke in an interview in London today.
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The European Central Bank’s plan to shield its Greek bond holdings from a restructuring may hurt private investors while paving the way for debt insurance contracts to be triggered.
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Terry Duddy has described the U.K. retail market as “challenging” in every results statement since he led the separation of Home Retail Group Plc from former parent GUS Plc in 2006.
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The franc strengthened against the euro as investors pared expectations that the Swiss National Bank will adjust its cap to further weaken the currency.
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Canada’s dollar weakened for a third day as concern European’s debt crisis will weigh on global growth drove investors to the safety of its U.S. counterpart before a report forecast to show the nation added jobs.
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Carry trades funded in the yen and Swiss franc are becoming profitable as borrowing costs rise in Europe and Canada, according to UBS AG.
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