Flurry of risk aversion boosts yen and dollar

An early morning rally for the dollar in New York has seen the single European currency surrender gains it made following dovish remarks released in the March FOMC minutes. The euro had clawed back losses inspired by unfounded reports circulating yesterday suggesting that it was trying to unshackle itself from IMF aid carrying possibly stringent [...]

Morning Forex Overview

Previous session overview The dollar rose against the yen in Asia Monday on speculation that Japanese institutional investors may buy a lot of dollar-denominated assets at the start of the new fiscal year Thursday due to strengthening U.S. interest rates. The yield on benchmark U.S. 10-year Treasurys stood at 3.882% on Monday after rising close [...]

Chinese export data pressures yen

A year after the weakest close for global equity prices, risk appetite has very much returned to the agenda. Stock prices are 60% or so higher from the bottoms reached in March 2009. Of course at the time no one knew it was the bottom and subsequently investors have climbed that so-called “wall of worry.” [...]