John Taylor News
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Israel’s central bank needs to follow yesterday’s surprise interest rate cut and dollar purchase plan with more measures to succeed in stemming the shekel’s gains, the currency’s most accurate forecasters say.
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The Canadian dollar advanced versus 15 of its 16 most-traded peers after April retail sales unexpectedly rose in the U.S., Canada’s biggest trading partner.
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The dollar gained versus most of its major counterparts after a report showed U.S. retail sales unexpectedly increased in April, bolstering optimism in the world’s largest economy.
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Australia’s dollar, which fell below parity against its U.S. peer last week for the first time since June 2012, remains overvalued after a commodity boom, according to John Taylor, founder of currency-hedge fund FX Concepts LLC.
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The yen will decline to 130 per dollar within two years as foreign investment in Japanese bonds wanes amid a climbing rate of inflation, according to John Taylor of FX Concepts LLC.
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The yen may drop to 130 to the dollar before paring losses, according to John Taylor, founder and chief executive officer of the currency hedge fund FX Concepts LLC.
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Congressional Republicans want to rein in a $2.2 billion U.S. mobile-phone subsidy for the poor, saying it’s riddled with fraud and benefits the world’s richest man, Mexican billionaire Carlos Slim.
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Dish Network Corp., which made a counter-bid for Sprint Nextel Corp. this week, asked the U.S. Federal Communications Commission to defer action on Softbank Corp.’s offer while the mobile provider decides which to accept.
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The yen climbed against all of its 16 most-traded counterparts after China’s economic growth slowed more in the first quarter than economists forecast, fueling demand for haven assets.
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Ever since the U.S. severed the last remnant of the dollar’s link to gold in 1971, economists have been searching for a new rule for monetary policy. The Great Inflation of the 1970s only reinforced the notion that rules trump discretion. But what sort of rule exactly?
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