Yen strength strangling Japanese exports (ShareCast via Yahoo! UK & Ireland Finance)

The decline of the pound, the dollar and euro are boosting the yen at a time when the Japanese economy needs it the least. Read more….

Dollar slides against yen (AFP via Yahoo! News)

The dollar languished close to a 13-year low against the yen on Thursday, pressured by doubts about whether US measures to boost the economy would bring quick relief, dealers said. Read more….

British banking gloom savages the pound again, drops to nearly 25 year low versus dollar (Minneapolis-St. Paul Star Tribune)

LONDON – The British pound fell to a nearly 25-year low against the dollar and a record low against the yen Wednesday amid mounting fears about the British banking sector and expectations the Bank of England will start pumping money into the economy within weeks. Read more….

British banking gloom continues to knock pound (AP via Yahoo! News)

The British pound fell to a fresh seven and a half year low against the dollar and a record low against the yen Wednesday amid mounting fears about the British banking sector and expectations the Bank of England will start pumping money into the economy within weeks. Read more….

UPDATE 1-Rouble firm, reserves post record weekly drop (The Forex Market)

MOSCOW, Jan 22 (Reuters) – Russia’s reserves posted a record weekly drop on Thursday but the rouble held firm in a sign that the costly creeping depreciation policy may have succeeded in adjusting the currency to cheap oil and a limping economy. Read more….

Euro Mixed Versus Major Counterparts (INO News)

(RTTNews) – The euro saw mixed results against other major currencies on Wednesday. Traders considered the latest German PPI data and comments from European Central Bank President Jean-Claude Trichet indicating weakness in the economy could last through the year. Read more….

Euro-zone trade swings into surplus in October (AG Weekly)

BRUSSELS, Belgium (AP) – Euro-zone trade swung into a surprise surplus in October as the recession-hit 15-nation economy sees exports hit by a stronger euro and tumbling demand abroad, the EU statistics agency said Thursday. Read more….

Euro eases against dollar to $1.3005 (San Francisco Chronicle)

The euro fell slightly against the U.S. dollar Thursday as traders responded positively to President Obama’s first day in office, on hopes he will act aggressively to prop up the world’s biggest economy. The 16-nation euro bought $1.3005 in European morning… Read more….

Euro eases against dollar to $1.3005 (AP via Yahoo! News)

The euro fell slightly against the U.S. dollar Thursday as traders responded positively to President Obama’s first day in office, on hopes he will act aggressively to prop up the world’s biggest economy. Read more….

(BOC) Bank of Canada Releases Monetary Policy Report

In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Heightened uncertainty is undermining business and household confidence worldwide and further eroding domestic demand. Major advanced economies, including… Read more….

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