| FX Carry Trade Direction Hinges Upon Proof of Global Economic Recovery (Daily FX) The US dollar and Japanese yen were hammered lower on Friday as comments from Fed Chairman Bernanke spurred optimism that the global economy is on its way out of recession. A variety of growth indicators due to be released from the US and UK next week may determine how sound that argument is, and thus, the next move for the US dollar and Japanese yen. us.rd.yahoo.com |
G20 to coordinate exit strategy rhetoric: sources (Reuters) Leaders of the Group of 20 nations are expected to agree at their summit in Pittsburgh next week to coordinate their public statements on exit strategies, G20 sources preparing for the meeting said on Friday. us.rd.yahoo.com |
Dollar low in lead-up to OCR Currency markets were awaiting the Reserve Bank's announcement of the official cash rate (OCR), with analysts expecting a change to the key final paragraph.Westpac currency strategist Imre Speizer said the market expected the... nzherald.co.nz |
North Korea: Currency Is Reconfigured North Korea will redenominate the won currency to drop two zeros from the nominal value of bills in an effort to fight inflation. nytimes.com |
British Pound at Risk With BoE Minutes And CPI Ahead (Daily FX) British Pound at Risk With BoE Minutes And CPI Ahead Fundamental Forecast for British Pound: Bullish - Trade Deficit shrinks as exports reach highest level in a year on weak pound. - UK manufacturing was unexpectedly flat in November, despite broader gain in industrial production - NIESR GDP Estimate for December rose to 0.3% from 0.2% the month prior The British pound ended the week on a down note following five consecutive days of gains which were fueled by improving fundamentals and hawkish rhetoric from the BoE. us.rd.yahoo.com |