The dollar may extend this year’s 12 percent climb against the euro even after Europe crafted a $1 trillion plan to rescue Greece and other debt-laden governments, said Deutsche Bank AG, the world’s biggest currency trader.
Japan is likely to intervene in the foreign-exchange market if the yen strengthens to the 75 level against the dollar again after reaching a postwar high last week, Koji Fukaya, chief currency strategist in Tokyo at Credit Suisse Group AG said in an interview. Investor trading will probably reflect nervousness and be driven by movements in U.S. stocks and comments by Japanese officials, he said.
Former Thai Premier Thaksin Shinawatra said his sister’s government will avoid conflicts like those that led to his ouster in a 2006 coup, even as it presses ahead with efforts to curb the power of the courts.
Costa Rica and Thailand joined a growing chorus of developing nations expressing alarm at the appreciation of their currencies as increased monetary easing in the U.S. and Japan spurs demand for higher-yielding assets.