global currencies

"In substantive terms, there is little to be gained from high-profile pressure on China to accelerate the pace of RMB appreciation, since the United States possesses no leverage which can be plausibly brought to bear. U.S. policy should therefore de-emphasize the exchange rate, and instead...

EU's Barroso: Greece is and will remain a member of the euro zone.  European Commission is considering a wider guarantee mechanism to help Greek banks lend again EU Commission: The Troika of EU/ECB and IMF has decided to return to Greece. To arrive Thursday.  Eurogroup will hold an additional...

Japan is going to continue to make threats but I still don't see intervention. Based on the recent comments and today's talk about helping out in Europe I  think the priority right now is to work on a long-term solution. The causes of yen strength have been cited as uncertainty in Europe and...

It's an exciting day to be in the currency markets.   With the European financial crisis still looming over the euro, global central banks from Japan, US , UK and Europe announced a coordinated effort to provide European banks with much needed liquidity.   This has pushed equities higher in both...

The euro continues to slide against the US dollar, with most of the other majors gaining against the greenback in the New York morning. Most of the major currencies action has countered equity losses in the overnight as the world continues to fear a Greek default.   But, that isn't the only...