Mitul Kotecha News
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The dollar will rise past 100 yen “very soon” as Japanese demand for U.S. debt revives, Credit Agricole SA, France’s third-largest bank, wrote in a report yesterday.
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New Zealand’s central bank governor said he’s ready to intervene in foreign-exchange markets, adding to comments by officials from South Korea to South America warning their currencies are too strong, even as Group-of-20 nations say they’ll refrain from competitive devaluation.
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Brazil’s real may be set for a “slow depreciation” as the nation’s presidential election enters a runoff, though “robust” inflows of funds are likely to spur a rebound, according to Credit Agricole CIB.
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Australia’s dollar touched the weakest level since November after employment data failed to signal improvement that would rule out further easing by the central bank to support the economy.
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The pound is turning into the must- have currency for investors seeking to get in on the world’s biggest government-bond rally.
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South Korea’s won rebounded from yesterday’s biggest decline in a week after foreign investors pumped money into local stocks even as the central bank flagged risks to the economy from a weaker yen.
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India’s rupee strengthened for a second day before the capital markets regulator auctions debt- purchase permits to foreign investors, even as a nationwide strike lowers trade volumes.
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If life imitates art, so can the workings of high finance. The foreign-exchange markets are a timely case in point as policy makers and traders alike obsess over a return to the “Currency Wars” that so bewildered markets in 2010.
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A “perfect storm” may be forming in the world economy as signs of a recovery spur capital flows to emerging markets and some advanced nations that may lead to asset bubbles, Banco de Mexico Governor Agustin Carstens said.
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A “perfect storm” may be forming in the world economy as signs of a recovery spur capital flows to emerging markets and some advanced nations that may lead to asset bubbles, Banco de Mexico Governor Agustin Carstens said.
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