The yen fell for a fourth day against the dollar after the Group of 20 gave Japan leeway to reflate its economy by indicating the nation’s monetary stimulus plan doesn’t contravene a pact to avoid currency devaluations.
Investors are shunning foreign- exchange markets because currency moves are proving difficult to predict as more countries roll out stimulus programs, according to David Bloom, head of currency strategy at HSBC Holdings Plc.
Jane Pierce spent nine years struggling alongside her husband, Todd, as he fought cancer in his sinus cavity. The treatments were working. Then, in July 2009, Todd died in a fiery car crash. He was 46. That was the beginning of a whole new battle for Jane Pierce, this time with Todd’s life insurance company, MetLife Inc.
The dollar is unlikely to suffer a “cataclysmic selloff” should the U.S. lose its AAA credit rating, given investors’ limited alternatives to the world’s reserve currency, according to HSBC Holdings Plc.
Singapore’s dollar will underperform most regional counterparts this year as a pickup in the global economy and faster growth among its peers reduces demand for the republic’s top-rated securities, according to HSBC Global Asset Management and Mizuho Asset Management Co.
Acquisitions in the U.S. power industry surged more than 20-fold by value in the first eight months of the year. Advisers say expect more deals as buyers such as Blackstone Group LP bet electricity prices will rise with economic recovery.
U.K. government bonds rose for the first time in six days as Prime Minister David Cameron’s prediction of a difficult year for the economy spurred demand for benchmark yields near the highest since April.