Geoff Kendrick News
-
The pound fell for a second week versus the dollar as speculation the Federal Reserve is moving closer to ending its program of asset purchases boosted the U.S. currency against its major peers.
-
Japan’s target of 2 percent inflation is out of reach even as the central bank prepares to accelerate monetary stimulus, said Geoff Kendrick, head of European FX strategy at Nomura International Plc.
-
Strategists are boosting forecasts for Australia’s dollar by the most of any Group of 10 currency, betting that $190 billion of natural-gas projects will keep funds flowing into the nation as spending on mines slows.
-
The pound rallied from near a 15- month low versus the euro amid speculation it had weakened too far on bets the next Bank of England governor Mark Carney would boost efforts to spur the economy when he takes over in July.
-
U.S. benchmark stock indexes tumbled from five-year highs while oil, gold and silver led commodities lower as Federal Reserve meeting minutes spurred speculation the central bank was considering curtailing monetary stimulus.
-
The Swiss National Bank may have spent 10 billion ($11.9 billion) or 11 billion francs on euro purchases last month to curb the local currency’s strength, according to estimates by Nomura International Plc and UBS AG.
-
The franc appreciated before a Portuguese vote that may push the nation to an early election and European bailout, boosting demand for the safest assets.
-
The pound rose against the dollar for the first day in three as a poorly received U.S. treasury auction yesterday damped demand for the U.S. currency.
-
The euro dropped to a one-week low against the yen after Standard & Poor’s cut Spain’s credit rating and the nation’s unemployment rate jumped, adding to concern the region’s debt crisis is worsening.
-
The yen headed for its longest losing streak against the dollar since July 2005 and the Swiss franc declined as speculation global growth is proving robust boosted demand for higher-yielding assets.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page