Yen
Shirakawa applauds Tokyo’s yen sale, analysts less convinced
Bank of Japan governor Masaaki Shirakawa says government’s step to contain soaring yen will lend stability to the currency; markets soar and yen drops, but commentators divided on effect
BoJ expands fixed-rate fund supply on growth, yen fears
Bank of Japan unveils six-month term to existing fixed-rate funds operation; facility to expand by $238 billion on fears of weak US growth, yen strength
Bank of Japan watching soaring yen closely
Japanese central bank says it is carefully monitoring strengthening currency and its implications for export market; plummeting confidence in the US recovery sparks worry
Bank lending continues to decline in Japan
Bank of Japan data shows continued squeeze in lending between domestic institutions
Fed scoops prize for best swap lines: BIS
Bill Allen and Richhild Moessner study the effects of central banks’ swap lines and find those established by the Federal Reserve to provide dollar liquidity went furthest in achieving their aims
BoJ dissenters deemed measures "inappropriate"
Minutes show disagreements in Bank of Japan's top ranks as country returns to growth despite deep-seated problems
Bank of Japan – Financial Markets Report
Japanese central bank’s report says Dubai crisis shed light on sensitive investors still were, notes that while accommodative policies soothe some market players, others worry about flows to emerging markets
US debt ratio drives international exchange rates: Bank of Canada
A Bank of Canada paper posits that the debt to GDP ratio in the US and commodity prices have great impact on bilateral exchange rates
Dollar reserves dip
Latest Annual Report from the International Monetary Fund shows official sector shifting into euro, yen
Japanese outlook grim
Economic conditions have deteriorated significantly and are likely to continue doing so for the time being, notes the Bank of Japan in its latest Monthly Report on economic and financial developments.
ECB books €2.7 billion surplus
The European Central Bank (ECB) earned a surplus of €2.66 billion ($3.34 billion) last year on the back of the euro's appreciation against the dollar and the yen, it emerged on Thursday. The central bank also revealed that it was owed €10.3 billion by…
Bank of Japan to buy up corporate paper
The Bank of Japan announced plans to spend up to one trillion yen ($10.6 billion) in outright purchases of corporate paper in a bit limit the damage from "severe" financial and economic conditions.
Shirakawa warns on yen strength
The governor of the Bank of Japan, Masaaki Shirakawa, highlighted the damage the yen's strength was having on the economy and served notice that the central bank stood ready to act.
Markets plunge on recession fears
Confirmation of a sharp contraction in the UK economy and fears of a similarly grim outlook elsewhere sparked a global sell-off in equities and commodities on Friday.
SWFs more likely to diversify than central banks
Sovereign wealth funds are much more aggressive in diversifying foreign exchange assets than central banks, says Mansoor Mohi-uddin, the managing director of foreign exchange strategy at UBS, a leading investment bank.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Canadian dollar begins to slide
The Canadian dollar fell on Thursday from an all-time high as worries grew over the effect of the US subprime mortgage crisis on corporate profits and stocks slumped. Analysts said that the market was "definitely overextended".
Strong dollar message "very important": Trichet
Jean-Claude Trichet, the president of the European Central Bank, said it was "very important" that the US underlined its message that a strong dollar was in the US national interest.
De Rato U-turns on dollar valuation
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), said on Monday that the dollar was overvalued despite recently saying that he believed the opposite to be the case.
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Dollar drops to record lows against the euro
The dollar fell today to record lows through the $1.40 level against the euro. The American currency continued its slide after the Fed cut interest rates by 50 basis points earlier this week.
Qatar to keep riyal pegged to dollar
Abdullah al-Thani, the governor of the Qatar Central Bank, said that the riyal would remain pegged to the US dollar on Tuesday.
Intervention fails to stem equities sell-off
The wide-scale intervention by central banks around the world on Thursday and Friday reduced spreads in domestic money markets, but failed to stop the declines in global stock markets.
Mixed message from Bernanke
Testimony today from Ben Bernanke, the chairman of the Federal Reserve, before the House of Representatives Committee on Financial Services gave a somewhat mixed message as he predicted that while he expects economic growth to pick up slightly next year…