forexsq.com The yen declined versus most of its 16 major counterparts as Bank of Japan (8301) officials signaled they’ll add to easing efforts to weaken the currency and help return the nation to an export surplus.
The yen fell for a third day against the dollar as a report showed Japan had a trade deficit last month after an unexpected surplus in February. The euro held losses versus the gree
forexsq.com - Spain will see its borrowing costs leap when it sells short-term debt on Tuesday, a day after investor concern over its deficit and banking sector pushed longer term risk premiums above 6 percent, threatening a new crisis in the euro zone. The auction of 12- and 18-month Treasury bills will test market nervousness, which has spread to Italy, before a more challenging sale on Thursda
forexsq.com - The euro weakened against the dollar and yen as Spain prepares to sell debt in a market where concern the region’s fiscal crisis is spreading drove the nation’s borrowing costs to the highest this year.
The 17-nation currency also fell before data that may show confidence among investors in Germany, Europe’s biggest economy, declined from a 21-month high. Australia’s dollar slid
forexsq.com - The dollar index edged higher in Asian hours on Tuesday, with a Spanish bond auction, survey data from Germany and U.K. inflation figures on tap for later in the global trading day.
The ICE dollar index which measures the greenback against a basket of six currencies, edged up to 79.65 from 79.53 in late North American trading on Monday. forex
forexsq.com - Builders began construction on new U.S. homes at a slower pace in March, but permits jumped to the highest level since September 2008, the Commerce Department reported Tuesday. Housing starts fell 5.8% last month to an annual rate of 654,000 from a slightly revised 694,000 in February. Economists surveyed by MarketWatch had expected housing starts in March to rise to an annual rate
forexsq.com - Japan said on Tuesday it will provide $60 billion in loans to the International Monetary Fund, becoming the first non-European nation to commit money to boost the fund's financial firepower to contain the euro zone debt crisis. Finance Minister Jun Azumi said Japan hoped Tokyo's contribution, which will be formally announced at a Group of 20 financial leaders' meeting later this wee
forexsq.com - At the Boao Forum for Asia held earlier this month on the island of Hainan in the South China Sea, the topic of the U.S. Federal Reserve’s monetary policy came up for discussion. More correctly, the topic of how the Federal Reserve monetary policy is harming the Asian economies came up for discussion.
Zhou Xiaochuan, Governor of the People’s Bank of China, used the meeting as an
Apple will conduct a pollution-management audit of one of its component suppliers, a Chinese environmental group said, as the U.S. company's operations face greater scrutiny here.
The inspection is scheduled to take place in the coming weeks and the results will later be made public, according to Wang Ding, vice director for the Institute of Public and Environmental Affairs, which has been cri
forexsq.com - As some pockets of the financial markets flash red with now-familiar signs of euro-crisis panic, the value of the common currency itself is going nowhere.
Friday, the cost of insuring Spanish government debt against default hit yet another record, suggesting that investors are increasingly nervous that the currency zone’s debt crisis could yet claim a huge victim. Spanish stocks
Retail spending in the U.S. rose sharply for the third straight month, up 0.8% in March, as consumers continued to splurge on a wide range of goods and services, the government reported Monday. Sales rose fastest for building materials, autos, home furnishings, electronics and appliances and clothing, the Commerce Department said. Sales excluding the auto sector also rose 0.8% last month. Economi
forexsq.com - The dollar added to its recent gains Monday, with concerns over Europe’s finances still dominating markets and turning investors away from riskier currencies.
The ICE dollar index DXY +0.30% , which measures the greenback against a basket of six other currencies, traded at 80.116 in Asian trading hours, up from 79.828 in late North American trading on Friday.
forexsq.com - Asian markets declined Monday as a jump in Spanish borrowing costs kept European fiscal problems in focus, with many regional financial and commodity stocks falling hard, while losses in Tokyo were made worse by a stronger yen.
Concerns about Europe outweighed an announcement by the People’s Bank of China over the weekend to double the yuan’s trading range against the dollar on
forexsq.com - The euro declined to less than $1.30 for the first time in two months as Spain prepared to sell bills and bonds this week amid concern European leaders are failing to contain the region’s debt crisis.
The 17-nation currency dropped for a second day against the yen and reached the lowest since 2010 versus the pound as a Spanish minister called on the European Central Bank to do mo
forexsq.com - German 10-year Bund yields hit a fresh record low on Monday on persistent concerns that Spain's failure to convince investors it can keep its budget deficit in check could cause a new round of financial stress in the euro zone.
The latest blow to Spanish markets was triggered by data on Friday that showed record borrowing by its banks from the European Central Bank. It is likely
forexsq.com - The preliminary reading for consumer sentiment in April declined to 75.7 from a final March level of 76.2, according to Friday reports on a gauge released by the University of Michigan/Thomson Reuters. Economists polled by MarketWatch had expected a mid-April reading of 76.4. While higher stock prices and employment gains have cheered consumers this year, gas prices are up and condi
