Euro Defies Stimulus Bets Before Draghi While Kiwi Bounces Back

Premium to sell euro highest since July, risk reversals show New Zealand finance minister `relatively positive’ about China The euro barely budged as traders refrained from making major bets before European Central Bank President Mario Draghi gives a policy update Thursday. The euro has weakened 0.4 percent versus the...


RBA in no rush to cut again

The Reserve Bank of Australia believes the low Australian dollar and ultra-low official interest rates are helping the economy adjust to the end of the resources boom and have strengthened the labour market. While China’s outlook continues to be clouded, the Reserve Bank board signaled in minutes of this...


U.S. job growth stumbles, raising doubts on economy

U.S. employers slammed the brakes on hiring over the last two months, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year. Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply...


Analyst Known as Mad Dog Says Yen Can Rise to 100 Per Dollar

Wakabayashi predicted currency’s peaks in 1995 and 2011 Japan’s `quantitative easing worked only psychologically’ The yen has already passed its low and may strengthen to 100 per dollar next year as the Bank of Japan’s unprecedented stimulus is failing to revive the economy, said Eishi Wakabayashi, a former trader who...