Concern the U.S. fiscal situation will deteriorate may push the dollar down versus the euro and the yen, according to HSBC Holdings Plc, Europe’s biggest bank.
Investors should buy the pound against the euro on speculation the Bank of England will raise interest rates “well before” the European Central Bank, according to HSBC Holdings Plc.
China’s yuan headed for the biggest weekly rally in almost three years on speculation the central bank will tolerate gains after the trade surplus widened.
"This type of influence from the Bank of Japan, which could actually lead the yen to keep weakening, is not in the cards."
- Paul Mackel on Aug 08, 2014