Barack Obama Chimes In On Coercive Government Actions, Quotes MLK

The President’s statement on Iran, just released by the White House. “The Iranian government must understand that the world is watching. We mourn each and every innocent life that is lost. We call on the Iranian government to stop all violent and unjust actions against its own people. The universal rights to assembly and free [...]

Euro Struggles With 1.3000 Pound Holds 1.44000

Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]

Chinese Premier defends yuan policy strongly (The Malaysian Insider)

BEIJING, Jan 31 — Chinese Premier Wen Jiabao made a stout defence of his country’s currency policy, even as United States President Barack Obama’s administration sought to tone down its criticism over the yuan. Speaking in Berlin after meeting German Chancellor Angela Merkel late on Thursday, he said the yuan is “orientated towards market needs” [...]

Will Obama Increase Pressure on China Regarding the Yuan?

Chinese could see more pressure for yuan appreciationAmong the mumblings that circulate in Washington about foreign currency exchange is the regular lament that China is a currency manipulator. Although this is said quietly, and any real pressure on the Chinese to allow yuan appreciation is rarely brought to bear.But will that change with the Barack [...]

Obama’s New Strategy on China is USD Negative

The US dollar and the Japanese Yen, the two lowest yielding G10 currencies continue to be the two best performing. It is important to remember that the dollar and the Yen are not rallying because investors have grown more optimistic about those currencies but because they are more pessimistic about the outlook for the US [...]

Dollar marginally firmer (Perth Now)

THE Australian dollar opened marginally firmer as goodwill towards the new Obama Administration in the US gave a nudge to high-yielding currencies. 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….