Yen
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Dollar drops to record lows against the euro
The dollar fell today to record lows through the $1.40 level against the euro. The American currency continued its slide after the Fed cut interest rates by 50 basis points earlier this week.
Qatar to keep riyal pegged to dollar
Abdullah al-Thani, the governor of the Qatar Central Bank, said that the riyal would remain pegged to the US dollar on Tuesday.
Intervention fails to stem equities sell-off
The wide-scale intervention by central banks around the world on Thursday and Friday reduced spreads in domestic money markets, but failed to stop the declines in global stock markets.
Mixed message from Bernanke
Testimony today from Ben Bernanke, the chairman of the Federal Reserve, before the House of Representatives Committee on Financial Services gave a somewhat mixed message as he predicted that while he expects economic growth to pick up slightly next year…
Inflation surprise lifts New Zealand dollar
New Zealand's benchmark interest rate is widely expected to be raised by a quarter of a percentage point to a record level of 8.25% next week, after a report published today revealed that inflation has risen faster than the Reserve Bank anticipated. The…
RBNZ may continue to sell its dollar - deputy gov
Grant Spencer, deputy governor of the Reserve Bank of New Zealand said on 27 June that the central bank may continue selling its domestic currency, now trading at its highest level in more than two decades.
The continuing rise of the kiwi
The New Zealand dollar continues its rapid rise on perceptions that the central bank will be unable to stem a rally powered by Japanese investors looking for higher yields. The currency rose to its highest level in 22 years on 25 June.
Syria to abandon dollar peg in July
The governor of Syria's central bank, Adib Mayelah, announced that the country will abandon the Syrian pound 's peg to the dollar in an effort to stem rising costs and inflation.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
BOJ's Fukui sees no resumption of yen-carry trade
Bank of Japan governor Toshihiko Fukui said Tuesday 10 April he sees no sign of the resumption of the yen-carry trade, despite the recent weakening of the yen.
IMF report sees soft landing for world economy
The International Monetary Fund is forecasting a 'soft landing' for the world economy and 4.9-per-cent growth in 2007, German government officials said Tuesday 10 April, according to Deutsche Presse-Agentur.
BOJ's Hirano says euro strength not to be G7 topic
Finance ministers and central bankers from the world's richest countries are unlikely to focus on the euro's strength against the dollar and yen next week, former Bank of Japan executive director Eiji Hirano said Tuesday 4 April.
China's Wen says investment won't affect dollar
China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.
PBOC's Zhou worried over China CPI trend
People's Bank of China governor Zhou Xiaochuan told reporters on Sunday 18 March he was not worried about the current level of inflation but was concerned with the inflation trend.
Takenaka says BOJ rate hike came too early
Japan's former economic and fiscal policy minister Heizo Takenaka has criticised the Bank of Japan in an interview published Friday 9 March for increasing interest rates in February despite continued deflation.
Japan's Iwata on unwinding yen carry trades
Bank of Japan deputy governor Kazumasa Iwata said Wednesday 7 March recent financial market developments, including the unwinding of yen carry trades, were "technical position adjustments" by investors who have been "complacent" about asset price…
IMF's Rato on the Japanese economy
In a speech given on 26 February Rodrigo de Rato of the IMF said warned policymakers and investors about increasing growth in yen carry trades and urged Japan to make clear that deflationary pressures are being rooted out.
IMF's Lipsky upbeat on eurozone outlook
In an interview with Reuters published Thursday 22 February, IMF first deputy managing director, John Lipsky, said the world economy will slow slightly this year from 2006.
ECB's Quaden says yen, yuan weak v euro
The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.
EU's Almunia says 'no problem' for exchange rates
Current exchange rates, mainly the value of the euro against the yen, pose no threat to the economy, the EU's Commissioner for Economic and Monetary Affairs Joaquin Almunia said in a magazine interview Tuesday 13 February.
Trichet warns markets on carry trades risk
European Central Bank president Jean-Claude Trichet warned markets this weekend at the G7 finance ministers and central bank governors meeting that one-way bets in currency markets posed risks.
Reforming China's exchange rate policy
This Working Paper from the University of Venice is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world…
PBOC's Wu expects Fed rate cuts in 2007
The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.