Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 17 March 2014 [View all]xchrom
(108,903 posts)25. Yen Retreats as Russian Stocks Gain After Crimea
http://www.bloomberg.com/news/2014-03-16/yen-holds-gains-as-crimea-vote-condemned-by-u-k-.html
The yen fell for the first time in six days against the dollar as a rally in Russian stocks damped concern Crimeas vote to leave Ukraine will lead to an immediate increase in tensions between Russia and the West.
Japans currency weakened versus all of its 16 major counterparts as Royal Bank of Scotland Group Plc said the Bank of Japan may be embarking on dovish rhetoric, helping to cap recent gains in the currency. Chinas yuan slid to an 11-month low versus the dollar after the central bank widened its trading band. The Australian dollar strengthened after Westpac Banking Corp. dropped its forecast for more interest-rate cuts. A gauge of currency volatility declined.
Were waiting to see what the response will be from the European Union, what the response from the United States is, David Bloom, head of global currency strategy at HSBC Holdings Plc in London, said in an interview on Bloomberg Televisions The Pulse, with Francine Lacqua and Guy Johnson. The currency market seems to be very calm. The market is not joining the dots and saying theres a global problem. The markets saying these are local isolated problems.
The yen depreciated 0.4 percent to 101.78 per dollar as of 7:03 a.m. New York time after strengthening 1.9 percent last week. Japans currency dropped 0.3 percent to 141.47 per euro, the biggest decline since March 7. The euro weakened 0.1 percent to $1.3899.
The yen fell for the first time in six days against the dollar as a rally in Russian stocks damped concern Crimeas vote to leave Ukraine will lead to an immediate increase in tensions between Russia and the West.
Japans currency weakened versus all of its 16 major counterparts as Royal Bank of Scotland Group Plc said the Bank of Japan may be embarking on dovish rhetoric, helping to cap recent gains in the currency. Chinas yuan slid to an 11-month low versus the dollar after the central bank widened its trading band. The Australian dollar strengthened after Westpac Banking Corp. dropped its forecast for more interest-rate cuts. A gauge of currency volatility declined.
Were waiting to see what the response will be from the European Union, what the response from the United States is, David Bloom, head of global currency strategy at HSBC Holdings Plc in London, said in an interview on Bloomberg Televisions The Pulse, with Francine Lacqua and Guy Johnson. The currency market seems to be very calm. The market is not joining the dots and saying theres a global problem. The markets saying these are local isolated problems.
The yen depreciated 0.4 percent to 101.78 per dollar as of 7:03 a.m. New York time after strengthening 1.9 percent last week. Japans currency dropped 0.3 percent to 141.47 per euro, the biggest decline since March 7. The euro weakened 0.1 percent to $1.3899.
Edit history
Please sign in to view edit histories.
34 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Interesting roadmap on how to kill off a country. Bascially, take the companies that
jtuck004
Mar 2014
#10
Consortium News article (top) repost at theecologist via gmwatch link.
proverbialwisdom
Mar 2014
#33