Geoffrey Yu, foreign exchange strategist at UBS, calls for caution on emerging market currencies as reform agendas remain very poor in most of them.
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Geoffrey Yu, foreign exchange strategist at UBS, says that while he is still long dollar-yen, investors should be very cautious on Japanese inflation as it could turn into an "absolute rout."
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The euro inched up in Asia on Monday after leaders of Germany and France promised a new comprehensive plan to recapitalise euro zone banks by the end of the month, though markets remain wary as they have been disappointed many times before.
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President Barack Obama accused China on Thursday of "gaming" international trade by keeping its currency weak, but was cautious about a bill before the U.S. Senate aimed at pressing Beijing to revalue the yuan.
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