Your forexlive.com ENewsletter |  |
- ECB Text: New Provisions for EMU MonPol Implement. Framework
- Fed’s Tarullo: Capital, Liq’ty Reqs To Help Reg New Fin Prods
- FinMin Noda: Will take action in FX market as necessary
- ECB Trichet: See Beggar-Thy-Neighbor Policies Looming
- ForexLive US wrap-up: Payrolls worse than expected
- Noda and Geithner to hold bilateral meeting Saturday
- BofA’s Moynihan:Int Rate Structure Already Very Low, Pro-Grwth
- USD/JPY surges late: Tokyo buying
- S&P closing in on important resistance
- PBOC’s Zhou: Dlr Still The World’s Dominant Reserve Currency
- ECB’s Draghi: Confident We Can Create Global Playing Field
- USD/JPY on the recovery trail
- ECB’s Noyer/France Finmin Lagarde:Shldn’t Talk About FX ‘War’
- Zhou: Stimulus may create inflation, bubbles
- US Tsy Econ: Job Situation Improving Despite High Unemp Rate
- PBOC’s Zhou:Currency adjustment will be gradual
- Juncker: Time not ripe for currency deal
- EUR losing more ground on crosses than versus dollar
- ECB’s Bini Smaghi: Timing Of Further Exit Depends On Markets
- Canada FinMin: China Must Do More on Currency Flexibility
| ECB Text: New Provisions for EMU MonPol Implement. Framework Posted: FRANKFURT (MNI) - The following is the text of the European Central Bank's press release, outlining the new guideline on various monetary policy instruments and procedures used within the Eurosystem. The information on the newly adopted guideline can be found on the ECB's website: http://www.ecb.int/home/html/index.en.html NEW ...    |
| Fed’s Tarullo: Capital, Liq’ty Reqs To Help Reg New Fin Prods Posted: By Ian McKendry WASHINGTON (MNI) - International financial regulation will not be able to keep up with financial product innovation, but liquidity and capital standards play a critical role in their regulation, Federal Reserve Board Member Daniel Tarullo said Friday. "It is critical that ...  |
| FinMin Noda: Will take action in FX market as necessary Posted: Will take action as necessary, including intervention. Will explain to G7 that intervention was aimed at excessive forex moves not intervening with certain level in mind Unlikely to conduct sustained intervention, massive JPY selling Stance is to take decisive forex action when necessary Hopes China will promote steady CNY reform  |
| ECB Trichet: See Beggar-Thy-Neighbor Policies Looming Posted: By David Barwick WASHINGTON (MNI) - The global community should avoid practices based on the notion that one must hurt other countries to benefit one's own, European Central Bank President Jean-Claude Trichet said Friday. "This is certainly no time for complacency ...  |
| ForexLive US wrap-up: Payrolls worse than expected Posted: US nonfarm payrolls fall 95,000; unemployment rate steady at 9.6%; private sector adds 64,000 jobs; government sheds 153,000 jobs, 77,000 of them census workers Canada loses 6,600 jobs, unemployment rate falls to 8.0% Eurogroup's Juncker: EUR too high at 1.40 ECB's Nowotny: Strong euro not helpful to recovery Fed's Bullard: QE not baked ...  |
| Noda and Geithner to hold bilateral meeting Saturday Posted: Noda will be looking for a tacit "okay" from the US to try and weaken the JPY...Expect Geithner to reluctantly agree not to make a stink...  |
| BofA’s Moynihan:Int Rate Structure Already Very Low, Pro-Grwth Posted: By Steven K. Beckner WASHINGTON (MNI) - Bank of America chief executive Brian Moynihan cast doubt Friday on the efficacy of renewed quantitative easing by the Federal Reserve, saying that interest rates are already "very low," with growth supportive and that the main impediment to faster ...  |
| USD/JPY surges late: Tokyo buying Posted: It's Saturday morning in Tokyo but there is good sized buying out of that center in thin afternoon markets. We're trading up to 82.18, working through offers late in the day. If short from good levels, you may want to consider a stop to guard against intervention...  |
| S&P closing in on important resistance Posted: The S&P is adding to recent gains this afternoon, rising to 1166. The next technical hurdle for the index is is the post-flash crash top at 1173. US equities have been rising and the dollar and interest falling in correlated fashion since August when the Fed made clear they were first ...  |
| PBOC’s Zhou: Dlr Still The World’s Dominant Reserve Currency Posted: By Todd Buell WASHINGTON (MNI) - The U.S. dollar was and still is the world's most important reserve currency, People's Bank of China Governor Zhou Xiachuan reiterated Friday. Indeed, the greenback's role as a reserve currency was strengthened through the crisis, ...  |
| ECB’s Draghi: Confident We Can Create Global Playing Field Posted: By Johanna Treeck WASHINGTON (MNI) - Global regulators should be able to ensure fair play at a global level, the head of the Financial Stability Board Mario Draghi said Friday. Draghi said he is "confident" that we will see a level ...  |
| Posted: Probably a case of cold feet ahead of this weekend's international gabfest on Washington. Look for offers into this strength just above the market, in the 82.10/20 area. What is to come from this weekend's meetings? No grand deal to rebalance the world's exchange rate regime. Perhaps the US and EU will look ...  |
| ECB’s Noyer/France Finmin Lagarde:Shldn’t Talk About FX ‘War’ Posted: By Yali N'Diaye WASHINGTON (MNI) - European Central Bank Governing Council Member Christian Noyer and France Finance Minister Christine Lagarde spoke out Friday against the notion of a foreign exchange 'war,' preferring instead to focus on the need for cooperation at a time the world is ...  |
| Zhou: Stimulus may create inflation, bubbles Posted: People's Bank of China (the central bank) chief Zhou says that the Chinese stimulus package may create some inflationary pressures and bubbles. (Other than that, it's working like a charm!) Zhou said a short while ago that the dollar is still the world's most important reserve currency.  |
| US Tsy Econ: Job Situation Improving Despite High Unemp Rate Posted: By Ian McKendry WASHINGTON (MNI) - U.S Treasury Chief Economist Alan Krueger said September's jobs report showed the economy is healing and that a double-dip back into recession is unlikely despite a lingering high unemployment rate. "What I see in these ...  |
| PBOC’s Zhou:Currency adjustment will be gradual Posted: No "shock therapy" , central bank chief says China pursuing a package of policies including boosting internal demand, better social security system (which would require less personal savings) and exchange rate reforms Faster please! UPDATE at 17:13 GMT: Zhou says USD still most important reserve currency...  |
| Juncker: Time not ripe for currency deal Posted: Brazil thinks the time is right for a currency deal but Europe does not, according to Eurogroup head Juncker. Juncker says the ideal forum for currency discussions should be the G7 plus China (no discussion for you, Brazil!) Major currency issuers should ensure currency peace, according to the Juncker, who is ...  |
| EUR losing more ground on crosses than versus dollar Posted: The euro has been rallying strongly versus the likes of JPY and GBP of late but we've seen significant retrenchment today. The euro continues to give ground against both those crosses. EUR/JPY is down to 113.90 from 115.65 just yesterday. EUR/GBP is down to 0.8717 after retesting yesterday's 0.8805 highs and failing. ...  |
| ECB’s Bini Smaghi: Timing Of Further Exit Depends On Markets Posted: WASHINGTON (MNI) - The pace of the European Central Bank's unwinding of non-conventional measures will depend on further financial market improvements, ECB Executive Board member Lorenzo Bini Smaghi said Friday. "The exit depends on underlying conditions," Bini Smaghi said during ...  |
| Canada FinMin: China Must Do More on Currency Flexibility Posted: WASHINGTON (MNI) - China needs to do more to allow its currency to be more flexible, Canadian Finance Minister Jim Flaherty said Friday, adding that it is neither in China's interest to have a currency or trade war nor the interest of western nations to ...  |
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