Sun, 26 May 2013 22:26:10
Dollar hangs back after worst week in a year
The dollar dipped against the yen in early Asian trade on Monday after marking its worst week in a year on Friday, as volatility in Japanese stocks and bonds pulled it well away from its highest level in 4-1/2 years. The greenback last bought 101.13 yen, dropping 0.1 percent from Friday, when it scraped a trough of 100.68 on Friday and closed 1.9 percent down on the week. On Thursday, the Nikkei was jolted off 5-1/2 year highs as investors scrambled for safety in Japanese bonds after poor Chinese trade data, and after the 10-year Japanese government bond yield rose to 1 percent, its highest in over a year. Bank of Japan Governor Haruhiko Kuroda said over the weekend that the country's financial institutions have sufficient buffers against losses they may incur from rises in bond yields, as long as market moves are driven by prospects of an economic recovery. On Monday, BOJ minutes showed that some members said the central bank should continue to seek ways to prevent falling liquid..
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Sun, 26 May 2013 17:06:11
Credit Card Merchant Processing - Hiring A Low Risk Merchant Processing Company
Low Risk Merchant Processing Businesses and other financial organizations can indeed benefit a lot from the services of a collection agency Salem OR. If you manage to find a good partner along the way, you are guaranteed to keep the flow and outflow of your money safe. There are a few things you have to consider though when choosing the right company though. One of the things that client companies or financial institutions should look for in their prospects is adequate experience. Experience, as the cliche goes, is still the best of teachers. So if you want to make sure about the outcomes of your processes, you have to find experienced collectors and collecting firms. Probing deeper into the backgrounds of your prospects is really necessary. Getting to know more about their reputation is also another thing. That is why it is advisable for client companies to obtain references from all of their prospects. Their past client companies will be able to tell just how good ..
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Thu, 23 May 2013 22:54:31
Dollar recovers from 2-week low versus yen, focus on Nikkei
The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge and Wall Street regained some stability by the close. Global stocks and commodities markets sold off on Thursday, led by Japanese stocks suffering their worst one-day loss in two years, as investors were spooked by weak Chinese factory activity data and the prospect of an earlier-than-expected roll-back of U.S. stimulus. "Adjustments are important part of the market. You can't have a one-way move forever. So yesterday's big adjustment was necessary, I think. But if the Nikkei rebounds, it will become easier to buy the dollar," said Bart Wakabayashi, head of forex at State Street Global Markets. The Nikkei rose 1.5 percent in early Friday trade. Overnight on Wall Street, U.S. stocks slipped but finished sharply off their session lows. The dollar tacked on 0.4 percent in early Asian t..
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Thu, 23 May 2013 02:49:54
South Korea's economic problems aren't made in Japan.
That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense of South Korea, where foreign investors have sold nearly $6 billion of shares. Japan's benchmark stock index has thus soared 50 percent this year on hopes Prime Minister Shinzo Abe can revive the economy and with it the fortunes of big exporters such as Toyota Motor Corp and Panasonic Corp. Stocks in Seoul have meanwhile stagnated, with Samsung Electronics Co Ltd down around 1 percent. The problem for Korea had seemed obvious: while the yen has slid 20 percent against the dollar over the past year, the won has climbed by a third against the Japanese currency. In theory, that makes Korea's exports more expensive relative to Japan's, enabling Japanese companies to un..
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Tue, 21 May 2013 03:58:11
Dollar resumes rise against yen, Bernanke key to more
The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency. Speculation the Fed will trim its bond purchases sooner than expected has mounted given signs of an improvement in the U.S. labour market. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on the timing. If Bernanke reiterates his ultra-loose monetary policy stance, the dollar could give up some of its gains against most major currencies. However, any hint asset purchases could be wound down later this year would give the dollar index, which has risen 5 percent this year, a huge boost, traders said. The index, which measures the dollar against a basket of six currencies, was up 0.12 percent at 83.839, not far from Friday's peak of 84.371, its highest since July 2010. The dollar was up 0.3 percent at 102.65 yen after Japane..
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