Recent resilience in the Australian dollar may have confused some investors, but Morgan Stanley says the upward momentum should remain for a while.
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Daniel Hui, senior FX Strategist at HSBC, Hong Kong, talks about why being long on SGD and CNH is a sound investment strategy amidst the volatility.
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The UK’s finance minister, Chancellor of the Exchequer George Osborne vowed to continue the coalition government’s austerity program on Monday telling delegates at his Conservative party’s annual conference in Manchester, UK, that Britain would “ride out the storm.”
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The Bank of Japan will probably stand pat on policy on Wednesday but may debate more easing if it feels that global recession fears and volatile markets pose such a threat to the country's economic recovery that it warrants additional monetary stimulus.
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China's consumer price inflation will remain high in the near future, although prices will gradually fall, and Beijing needs to be on alert, deputy central bank governor Ma Delun said on Sunday.
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The British Chamber of Commerce cut its growth forecasts for the UK for this year and next and said the weaker-than-predicted economy means interest rates will have to stay low longer than expected.
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Ed Ponsi, Managing Director at Barchetta Capital Management, says the effects of Yen intervention and the increase of Swiss interest rate will not last because there is a tremendous amount of pressure to sell the U.S. dollar.
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The chief executive and founder of Actelion, one of the world's biggest biotechnology companies, said the firm would stay independent despite pressure from activist shareholders.
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The euro is gaining and stocks are following the single currency higher, but investors should avoid chasing the risk-on trade according to one analyst.
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