Yen Gains Against the Dollar
Despite the yen’s strength versus the dollar Monday, David DeGaris, senior economist at nabCapital is not bullish on the yen over the medium term. He tells CNBC’s Chloe Cho why.
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Despite the yen’s strength versus the dollar Monday, David DeGaris, senior economist at nabCapital is not bullish on the yen over the medium term. He tells CNBC’s Chloe Cho why.
The yen is no longer the only currency with zero interest rates as there are now six currencies with incredibly low rates, Hans Redeker from BNP Paribas pointed out to CNBC Friday. He considers outlook for the carry trade.
The recovery in the world economy will be quite yen negative, says Joseph Capurso, FX strategist at Commonwealth Bank of Australia. He speaks to guest host, Kirby Daley of the Newedge Group, and CNBC’s Lisa Oake and Sri Jegarajah.
China is still buying US Treasury debt, but at a slower pass, Emily Sanders, CEO of Sanders Financial Management, told CNBC. “Slowly but surely the US is losing its place as the world’s reserve currency,” Sanders said.
Yen Retreats as Investors Cover Short Positions After Monday’s Selloff
The yen retreated against the majors today as calmer Asian stock markets after Monday’s volatile session prompted investors to cover short positions of riskier trades.
The euro and the sterling retraced their steps versus the yen after yesterday’s sharp losses to gain about 0.7% to 134 and [...]
Expect the dollar-yen cross to remain rangebound, says David Forrester, associate director at Barclays Capital. He explains why, with CNBC’s Oriel Morrison.
Thomas Harr, senior strategist at Standard Chartered says the RBA will raise rates in Australia eventually, and he expects the Aussie to rise to US$0.89 by year-end. He speaks to CNBC’s Steve Sedgwick and Chloe Cho.
The Fed says it will extend the duration, but not the size, of its treasury-buying program. Lee Wai Tuck, currency markets strategist at Forecast, says markets are taking this positively, pushing up the Dow and crosses against the yen. He speaks to CNBC’s Steve Sedgwick and Chloe Cho.
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