[$$] Investors Ponder Euro s Fair Value After Slump (at The Wall Street Journal) Investors Ponder Euro s Fair Value After Slump The euro, after slumping almost 10% against the dollar since late November, has stuck to a narrow range in the past month, prompting investors to ask if the common currency has finally reached fair value.
U.K. outperforms Continent as both currencies fall (at MarketWatch) Both the British pound and the euro have taken a battering this year as traders fret about levels of national debt. One big difference, however, has emerged: U.K. stocks have benefited from currency depreciation, while Continental European equities have nonetheless suffered.
No need to fear renminbi strength (at Financial Times) Markets are overestimating the potential impact of an appreciation of the Chinese renminbi against the US dollar on other currencies, says Antje Praefcke, currency strategist at Commerzbank.
Currencies: Volatility is creating fresh opportunities (at Financial Times) Volatility in the currency markets is creating opportunities for traders, with the prospect of more to come. Trading firms report heightened interest in trading on currency pairs such as the sterling/dollar or dollar/euro, as uncertainty over the global economy causes currency fluctuations.
Dollar Steady as Jobs Data Absorbed (TheStreet.com) An above-forecast reading on Chinese consumer prices in February fueled worries of more policy tightening by the Chinese central bank which dampened investor risk appetite to the benefit of the dollar and the Japanese yen.
Brazil s central bank calls auction to buy dollars (at Reuters) Brazil s central bank called an auction on Thursday to buy U.S. dollars on the spot foreign exchange market as part of an ongoing effort to boost international reserves and limit volatility in the currency market.
Treasurys, dollar down after claims, trade data (at MarketWatch) Treasury prices stayed lower and the dollar lost ground on Thursday after the Labor Department said 462,000 Americans claimed unemployment benefits for the first time, down 6,000 from the previous week.
Strong growth outlook lifts Swiss franc The Swiss franc rose to its highest level for a year against the euro as the central bank revised its growth forecast for the economy to 1.5 per cent
Japan confirms strength of cyclical recovery Japan's economy grew less than initially estimated in the fourth quarter of 2009 but the revised gross domestic product data unveiled were still cause for guarded optimism, said the government
No need to fear renminbi strength Markets are overestimating the potential impact of an appreciation of the Chinese renminbi against the US dollar on other currencies, says Antje Praefcke
China data spur talk of further tightening Pressure on Beijing to begin raising interest rates and to allow the renminbi to appreciate against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before
S Korea cites eurozone woes for rates decision South Korea's central bank held interest rates steady at a record low of 2 per cent for the 13th consecutive month, citing uncertainties caused by Europe's sovereign debt problems
Weak output puts pressure on sterling Sterling comes under renewed pressure after disappointing production data adds to lingering concerns over the UK's economic recovery
Traders bet on rise in Swiss franc A possible change in policy by the Swiss central bank points to currency's appreciation, says Peter Garnham
Turkey's IMF financing talks end Turkey's two-year saga of on-off negotiations with the International Monetary Fund ended as prime minister says country can "stand on its own feet"
Disappointing data weigh on sterling Sterling lost ground on Tuesday as disappointing economic data and renewed concern over the UK's banking sector and fiscal health weighed on the pound
Beijing still keen to buy US bonds China's investments in US Treasury bonds are continuing 'every day' and should not be politicised, according to the head of China's foreign exchange administration, which manages $2,400bn in forex reserves
Wide trade gap hits recovery hopes The UK's trade deficit with the rest of the world reached its widest since August 2008 in January as exports dropped sharply, hitting hopes that the weak pound can deliver an export-driven recovery
Beijing remains divided over currency peg This year's National People's Congress has demonstrated the divisions within the government that still remain over the country's controversial renminbi policy