Neil Mellor

Yen Rises as S&P 500 Fluctuates; Gold, Silver Erase Loss

The yen rebounded from the weakest level since 2008 as Japan’s economy minister expressed concern about its slide. The Standard & Poor’s 500 Index fluctuated near a record, while gold and silver reversed early losses.

Yen Rises Most in 3 Weeks as Amari Signals Concern; Kiwi Gains

The yen strengthened the most in three weeks against the dollar as Japan’s Economy Minister Akira Amari said further losses in the currency would have negative effects after it fell to the lowest since 2008 last week.

Yen Gains as Traders Bet Recent Selling Overdone; Aussie Tumbles

The yen strengthened for the first time in four days versus the dollar as investors bet losses that brought it to within 0.6 percent of 100 against the U.S. currency were overdone.

Pound Strengthens as King Says BOE Isn’t Seeking Weaker Currency

The pound advanced for a third day against the dollar after Bank of England Governor Mervyn King said policy makers aren’t trying to talk it down, damping speculation they are seeking a weaker sterling to spur growth.

Pound Advances for Fourth Year Versus Euro on Demand for Haven

The pound strengthened for a fourth year in 2012 against the euro as investors seeking a haven from Europe’s debt crisis pushed the currency higher, even as the Bank of England raised its so-called quantitative-easing target.

Euro Falls on Economy; S&P 500 Advances as Heinz Jumps

The euro slid as the region’s recession deepened more than forecast, while the Standard & Poor’s 500 Index rose to a five-year high after a drop in U.S. jobless claims and a $23 billion buyout offer for HJ Heinz Co.

Yen Rises as European Stress Tests, Slowdown Concerns Boost Safety Demand

The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge.

Pound Approaches One-Month Low as Retail Sales Slow; Gilts Gain

The pound fell toward the weakest level in a month against the dollar after an industry report showed U.K. retail sales slowed in December, adding to signs Britain’s economy is lagging behind U.S. growth.

Euro Set for Biggest Weekly Decline in a Month

The euro weakened for a fifth day against the dollar after a European report showed the region’s manufacturing and services industries shrank in April more than economists predicted.

Switzerland's Franc Retreats From Records Against Euro and U.K. Currency

Switzerland’s franc weakened against the euro and the pound, paring its advance one day after climbing to records as investors unwound positions in thin year- end trading.

"It's not that they want dollar-yen to stop right where it is, but it's a signal that they do not want the yen to go much weaker."

- Neil Mellor on May 20, 2013

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U.S. Stocks Extend Four-Week Advance on Corporate Deals

GE Capital Plans $6.5 Billion in Dividends to Parent

Yen Rebounds, S&P 500 Reaches Record as Commodities Gain

Boeing 787 Gets Image Boost as United Resumes Flights

North Korea Test Fires Six Missiles in Three Days Off Coast