Credit Suisse Group AG cut its forecast for the euro, saying the Greek debt crisis has dented the 16-nation currency’s credibility as a safe alternative to the dollar for many investors.
South Korea’s won will post its worst quarter in a year as Europe’s financial crisis saps demand for exports, according to Credit Suisse Group AG, the top forecaster.
The yen may slide another 18 percent as the Bank of Japan’s efforts to expand the money supply spur domestic investors to shift assets overseas, according to Credit Suisse Group AG.
The won climbed to the highest level since August 2008 on speculation South Korean authorities will allow it to appreciate.
Bank of Japan Governor Masaaki Shirakawa ’s success in weakening the yen may hinge on Ben S. Bernanke .
From coal to iron ore, soaring commodity prices are paving the way for the Australian dollar to rebound from its worst first quarter in five years.
Malaysia’s ringgit rallied the most since 2010 and stocks rose to a record after Prime Minister Najib Razak won a clear majority in the election, giving him a mandate to continue his economic reforms.
The Swiss franc strengthened through 1.20 per euro for the first time as investors sought the safest European assets amid mounting concern that European officials will fail to contain Greece’s debt crisis.
Credit Suisse Group AG appointed Ray Farris as chief strategist for fixed income, Asia Pacific, according to an e-mailed statement.
"If Chinese exports are improving, and the trade balance with the United States is moving in China's favor, it's not really geopolitically sustainable to imagine the currency will be unchanged or depreciate."
- Ray Farris on Jul 08, 2014
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