Yen s gains spark talk of intervention (at Financial Times)
The dollar shared the headlines on Wednesday as its early weakness pushed the yen close to 15-year highs. us.rd.yahoo.com |
New Zealand Dollar Continues To Outperform, Australian Dollar Halts Advance (DailyFX)
The New Zealand dollar remains the best performing currency against the greenback on Wednesday as it maintains the advance from earlier this week, while the Australian dollar halted the two-day advanced and slipped to a low of 0.8987 during the overnight trade. finance.yahoo.com |
Iran government may curb currency exchange rates
[AP] - Iran s finance minister says the government may intervene to halt a recent hike in hard currency exchange rates to the riyal. finance.yahoo.com |
Nikkei drops 2.1 pct; eyes on intervention, Fed move
Japan's Nikkei average fell 2.1 percent on Tuesday, dragged lower by a climb in the yen to fresh 15-year highs against the dollar, with investors nervous to see whether authorities will intervene in the currency markets. us.rd.yahoo.com |
Increased Money Supply Is Band Aid: Principal Global CEO
Quantitative easing, a government tool used to increase the money supply in a recessionary economy, could be effective as a temporary strategy, but it could have adverse effects if kept in place for an extended period of time, according to Jim McCaughan, CEO of Principal Global Investors. us.rd.yahoo.com |