mynameisandhy Posted August 22, 2011 Author Report Share Posted August 22, 2011 News and Economic Review Asia (Japan) Japanese stocks slumped by weakening Kian Exporter Shares Monday, August 22, 2011 Japanese stocks in trading today (22 / 8) recorded decreased by kentalnya still concerns over the impact of the global economy that affect the prospects of Japanese exporters sector. As a result shares of exporters today again weakened and lead to a negative movement of Japanese stocks. Nikkei index fell by 1% to 8628.13 basis points. While index futures declined by 7 points to 8695 basis points with the support level of 8621 points and 8785 points level resistant. The broader Topix index fell 1.2% to 742.84 basis points. Stocks that declined include Toyota's stock is down 2.5% to 2700 yen, Fanuc shares fell 4.1% to 11,650 yen and Hino Motors shares fell 4.8% to 381 yen. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to weaken. Weakening exporters stocks also triggered by weak crude oil prices are now in the price range of 81 dollars per barrel. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 23, 2011 Author Report Share Posted August 23, 2011 News and Economic Review Asia (Japan) Japan's PM Resigns Tuesday, August 23, 2011 Japanese Prime Minister Naoton Kan likely to resign on Tuesday next week, a day after the ruling Democratic Party will determine Japan's new leader during the next 5 years. Strong candidate successor is former foreign minister of Japan Seiji Maehara is touted as "Tony Blair" on the charisma of his Japanese was in front of the camera, Maehara is also known as a profile that is less like China and North Korea. At his age the 49th, Maehara will become the youngest PM in Japan if he managed to win the votes of the parliament. Most observers say the Japanese government is still difficult to stabilize. At the same time Finance Minister Yoshihiko Noda said in the other cabinet members to cut budget expenditures by about 10% of 2012 levels this year, worth $ 15.6 billion. The plan the government will use the budget for health and pension benefits, an increasingly uphill due to an increase in the aging population. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 24, 2011 Author Report Share Posted August 24, 2011 News and Economic Review Asia (China) Domestic Strong, Bank of China Profit Up 28% Wednesday, August 24, 2011 Bank of China Ltd., the bank's largest foreign exchange lender in China, on Wednesday afternoon said net profit rose 28% in the first half on the strength of domestic business. Bank of China, which is nearly 70% owned by the Chinese government, said net profit for the period January to June of 66.51 billion yuan (U.S. $ 10.4 billion), up from 52.02 billion yuan a year earlier. These results are slightly better than the average estimate of eight analysts who predicted a net profit of 65.46 billion yuan. The bank said net interest income rose 20% to 110.22 billion yuan at the end of June, while non-interest income from credit cards, wealth management product sales and international trade-related settlement and clearing increased 36% to 55. 76 billion yuan. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 25, 2011 Author Report Share Posted August 25, 2011 News and Economic Review Asia (Japan) Nikkei Up 2.3%; Automotive and Parts Manufacturers Up Thursday, August 25, 2011 Nikkei continues early gains, now up 2.3% at 8830.34 (8763.16 vs midday closure), led by major automobile and auto parts supplier - a combination of the weakening yen, and U.S. durable goods data overnight, and the next rally in the United States, said Yoshihiro Okumura, from Chibagin Asset Management. "Gold is also separated from a recent high, suggesting that investors switch back into equities for now," he said, warning that the switch may only be temporary ahead of U.S. Fed chief's speech Monday, Bernanke. "The U.S. market, seen from three straight days of gains, was anticipated with some type of monetary easing. We must be ready for next week's sharp decline if the Fed does not actually deliver it tomorrow night," said Yutaka Miura, senior technical analyst at Mizuho Securities. Nissan Motor rose 6.7% to Y671, while Honda Motor climbed 5.4% to Y2, 444. Denso rose 5.7% to Y2, 361. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted August 26, 2011 Author Report Share Posted August 26, 2011 News and Review Economic Zone Asia Weak Asian Regional Stock Exchanges Friday, August 26, 2011 Regional stock markets mostly down ahead of a speech-led the U.S. Fed, Bernanke in Jackson Hole, Nikkei +0.1%, S & P / ASX -0.3%, HSI -0.1%, Kospi +0.7%, +0.5% TAIEX, Sensex +0.3% and Shanghai Composite -0.4%. In the forex market, the USD weakened against the USD and the EUR ahead of Bernanke's speech. USD / JPY at 77.20 vs 77.46 Thursday night in New York. EUR / USD at 1.4424 from 1.4379, and EUR / JPY at 111.33 from 111.40. Minister for fiscal and economic policies of Japan, Yosano said the government intervention in currency markets is necessary, but not done regularly. Japanese CPI figures for July rose 0.1%, compared with an estimated decrease of 0.1%. Prime Minister of Japan, Naoto Kan announced his resignation as head of the democrat party. RBA Governor, Stevens signaled the central bank will hold interest rates steady for now, "we can tackle inflation." Stevens also said China's currency weakened causing instability of the global economy significantly. Spot gold was at $ 1,774.20, closing up $ 2.90 from New York. Nymex oil in October was down 23 cents to $ 85.07/barrel. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 News and Review Economic Zone Asia (Japan) BOJ: "Japan Exports & Output Will Continue to Rise" Thursday, September 8, 2011 Japan's exports and output will continue to increase although more slowly than before, the Bank of Japan said in a monthly economic report on Thursday, but warned that the strengthening yen and a cloud of uncertainty over the outlook for growth abroad. "There are various uncertainties such as the development of overseas demand and a stronger yen," said the BOJ's report on the prospects for output. Solid foreign demand will continue to help exports grow despite the pace of growth will moderate and the impact of the yen recently guaranteed to attract attention, the central bank said. The BOJ also said that capital spending will likely continue to increase, because the company restore plant and equipment damaged by an earthquake in March. BOJ to maintain its policy settings on a Wednesday and stick with pandangannua bahwal Japanese economy on the path of moderate recovery. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 9, 2011 Author Report Share Posted September 9, 2011 Asian Economic News and Review (Hong Kong) Hang Seng closes Weakens, Not Strong Hold Expenses Friday, September 9, 2011 Hong Kong Stock Exchange in trading today (9 / 9) closed lower. Stock apparently not strong in maintaining the positive movement that occurred this morning. Investors actually hold back and sell stocks amid global economic uncertainty ahead of a G7 meeting this weekend. In addition, China's economy is still not stable as data for industrial production for August was reported down. Hang Seng Index closed down 0.23% to 19866.63 basis points. While index futures declined by 133 basis points to 19 731 points with the support level of 19,731 points and resistant level of 20,077 points. Stocks that declined include China Overseas stock is down 0.64% to 15.46 HKD, PetroChina shares fell 0.41% to 9.68 USD and China Mobile shares fell 0.69% to 79.45 EUR. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Hong Kong bourse is expected to start next week is still difficult to predict. The threat of correction will still occur due to volatility in global economic conditions. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 13, 2011 Author Report Share Posted September 13, 2011 News and Economic Review Asia (Japan) Yen pressure Arrested Consumption Sector Report Tuesday, September 13, 2011 In trading GBP / JPY today (09-13) observed Pound strengthened against the Japanese yen rebound Price rolling observed in the range of 121.42 following the recent report from the statistical office of the UK. Latest information about the indicator Retail Price Index (RPI) y / y which was just released by the National Statistics showed an increase in the consumption sector performance. Indicators of Retail Price Index (RPI) y / y increase to 5.2% reported previously expected to rise to 5.0% from the previous value of 5.0%. This positive response by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting suggests that the British Pound on the currency pair USD / JPY is expected to still be able to continue the rebound against the yen. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 14, 2011 Author Report Share Posted September 14, 2011 News and Economic Review Asia (Japan) Nikkei Melorot Again, keep in Negative Trends Wednesday, September 14, 2011 Japanese stocks in trading today (14 / 9) observed decreased. Speculation is the purchase of European bonds by China increasingly rampant in this day and encourage the sentiment of concern for investors who feel anxious about the condition of the financial sector in Europe at this time and short-term. The Nikkei fell by 1.1% to 8518.57 basis points. While index futures declined by 62 points to 8520 basis points with the support level of 8434 points and resistant level of 8605 points. The broader Topix index fell by 1.1% to 741.69 basis points. Stocks that declined include shares of Mitsubishi UFJ is weakened 1.8% to 325 yen, Sumitomo Mitsui Financial shares fell 1.6% to 2072 yen and Canon shares fell 4.1% to 3295 yen. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks expected to experience sustained pressure. Investors are expected to be still waiting for global economic development fundamental condition further. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 15, 2011 Author Report Share Posted September 15, 2011 Asian Economic News and Review (Japan) Try to Make the weakening Dollar Yen Thursday, September 15, 2011 Usd / JPY failed to maintain the support provided by the 76.75/80 area during the Asian session, to then move lower amid weakening U.S. dollar is widely in the European session lows to reach the new 2-week at 76.55. As these movements, the currency pair is likely to find support at the 76.40 area (low-August 31), followed by 75.95 (August 19 low) and 75.00 (psychological level). In contrast, the nearest resistance level at 76.80 (daily high), then 77.00/10 (intraday) and 77.40 (50-day MA). "Short-term outlook remains negative as long as prices are still stuck below the 20-day MA is currently at around 76.95," according to Slobodan Drvenica, technical analyst Windsor Brokers Ltd. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 16, 2011 Author Report Share Posted September 16, 2011 News and Economic Review Asia (China) Europe Expected Support (financial) from China Friday, September 16, 2011 Sympathy for the efforts the European settlement of the debt crisis continues to flow. China government has repeatedly asserted his determination to help the neighboring region. "Our responsibility is to help Europe hard," said Chai Xiaolin, Director of Trade Ministry of Foreign Affairs. He calls that helped the euro zone out of the problem is of interest to China as well. However, Xiaolin not comment on what concrete measures will be implemented ministries. The statement was increasingly emphasized the promise of this country the world's largest economy on debt settlement blue continent. Earlier Prime Minister Wen Jiabao committed to giving aid to countries that are struggling to get out of deficit and debt. Wen also called for the European authorities dare to take more concrete steps in the near future. Market participants rely on the role of China, a country with foreign exchange reserves reached $ 3.2 trillion. Way that can be taken is to buy European bonds or invest directly. Despite giving moral support, Beijing has not explained the support and contribution funds. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 19, 2011 Author Report Share Posted September 19, 2011 News and Economic Review Asia (China) Wu: "Chinese Economy Slows At Will Maybe Next Year" Monday, 19 September 2011 China's economy is likely to slow next year and efforts to spur growth will be constrained by inflation and government debt burden, said Wu Xiaoling, a former deputy central bank governor. The government does not have to expand the monetary or fiscal stimulus due to pricing pressures and the central and local government debt, Wu said in comments published today by Financial News, the newspaper's central bank. Wu is the deputy director of finance and economic committee of the National People's Congress. Largest exporting country in the world face weakening global demand for the debt crisis of the European and U.S. unemployment. Chinese officials are still grappling with the side effects of stimulus measures in 2008 and 2009, including high inflation and bad credit risk for banks. Gross domestic product rose 9.5% in the second quarter of this year. Slowdown next year will be caused by factors including reduced demand abroad, the steps to change the economic structure and to cool the property market, and adjustments to infrastructure investment, Wu said. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 20, 2011 Author Report Share Posted September 20, 2011 Asian Economic News and Review (Hong Kong) Hang Seng in Perspective Tuesday, September 20, 2011 Amid the chaotic atmosphere of bawdy global crisis that lead to world recession, quite difficult for the Hang Seng stock index, Hong Kong pursue rebound back to levels earlier this year. Because the index is mired too deeply to the lowest level recorded was more than 2 years under number 19,000. But at least the Hang Seng still have a glimmer of hope to improve the level out of the negative zone. Handling of the serious intentions of Europe officials in tackling the spread of the debt crisis will continue to lift the market. While support for a coordinated effort by central banks in the world in order to reduce the anxiety of the debt crisis of the euro zone has also been greeted enthusiastically among investors. Plus a positive statement from the Chinese state to assist the countries debts. This signal is delivered when Premier Wen Jiabao while attending a meeting of the World Economic Forum in Dalian, China in mid September. However, the uncertainty of global economic forces will continue to block the rate increases in the index. So that this condition is very costly and it is feared the Hang Seng index will have a correction to continue the bearish trend. The technical indicators are moving averages and MACD is in dragging the Hang Seng index (HK_HKK50) slumped to below the crucial 19,000. Because the price may have felt saturated (oversold), the action of short covering will color the Hang Seng stock exchange. If so, the index can be lifted to an area of 19 600, 20 220 and 20 725 to 21 220 (61.8% Fibonacci). While the bearish trend will continue pressing the Hang Seng index to break low 18 600 to proceed to 18000, 17 000 or even up to 16 000. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 21, 2011 Author Report Share Posted September 21, 2011 Asian Economic News and Review (Japan) Nikkei Back Down, Stocks sluggish Exporters Wednesday, September 21, 2011 Japanese stocks in trading today (21 / 9) closes decreased. Shares of exporters again be a factor weakening the stock is also personally affected by global trade conditions which negatively considering bankruptcy fears of Greece closer. On the other hand decline in Italy's credit rating further add to negative sentiment for the European economy. Nikkei weakened 0.2% to 8741.16 basis points. While index futures declined 53 points to 8675 basis points support level of 8643 points and resistant level of 8711 points. The broader Topix index rose 0.3% to 757.13 basis points. Stocks that declined include Fanuc shares is down 1.4% to 11,280 yen, Komatsu's shares fell 1.1% to 1750 yen and Sumco Corp. shares fell 6.1% to 765 yen. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to still move to weaken due to global economic fundamentals are not conducive. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 22, 2011 Author Report Share Posted September 22, 2011 Asian Economic News and Review (Japan) Japanese stocks hit by decline Thursday, September 22, 2011 Decline in Japanese stocks after the Federal Reserve's plan to buy more long-term bonds failed to lift investor confidence in the midst of what is called the central bank as a significant downside risks to the outlook for economic growth. Shares of Honda Motor Co., Japan's second largest carmaker, fell 4.3 percent. Shares of Mitsubishi UFJ Financial Group Inc. led declines in Japan's biggest banks after BNP Paribas SA said if the country's banking industry is changing for the worse. Shares of Softbank Corp. fell 8.3 percent after the release of the report that the carrier will lose its position as the exclusive provider of Apple Inc. iPhone in Japan. Nikkei 225 Stock Average fell 1.7 percent to 8,588.76 at 09:53 in Tokyo after the Fed disappointed investors with plans to support growth in the world's largest economy by purchasing 400 billion dollars of debt with longer term. The broader Topix index fell 1.8 percent to 743.78. Japan's stock market will be closed tomorrow for a public holiday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 23, 2011 Author Report Share Posted September 23, 2011 News and Economic Review Asia (China) China's benchmark index fell to its lowest level in 14 months Friday, September 23, 2011 The majority of Chinese stocks traded in the stock slumped this afternoon. At the close at 15.00 local time, the Shanghai Composite Index fell 0.4% to 2433.16. This is the lowest level since last July 16, 2010. Meanwhile, CSI 300 Index fell 0.6% to 2669.48. China Shares dragged to its lowest level in 14 months after market players worried about a global economic slowdown. Large cap stocks that also influence the movement of Chinese stock include: Bank of Communications Co. which fell to its lowest level in seven weeks and Gemdale Corp., which dropped 1.7%. "Negative Outlook global economy caused investors pessimistic. Not a single positive news from global markets. Policies issued have not been able to overcome perceived downfall of the economy into recession," explained Wu Kan, a fund manager Dazhong Insurance Co.. Just note, throughout this week, the Shanghai Composite Index has trimmed 2%, and 13% so far this year. The benchmark in this State Panda had slipped 12% since June 30 last. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 26, 2011 Author Report Share Posted September 26, 2011 Asian Economic News and Review (Hong Kong) Hang Seng Critical sales drop 17 000 Monday, September 26, 2011 In the midst of bawdy chaotic global economy leading to recession, it is difficult for the index of Hong Kong, the Hang Seng, to rebound to levels never reached earlier this year. Because the index has been mired in until Monday (09/26) had recorded its lowest level in more than two years, namely at the level of 17 000. The technical indicators are moving averages and MACD is in dragging the Hang Seng Index (HSI/HK_HKK50), sunk up to the crucial 17,000 level. Considering the price may be considered saturated (oversold), the action of short covering at times can be colored stock. If so, a temporary index can be lifted to an area of 17 600 and 17 750 up to 18,000 up to 18,600. While the bearish trend will continue pressing the Hang Seng index up to a break before continuing to the low 17 000 16 600, 16 300 to 16 000 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 27, 2011 Author Report Share Posted September 27, 2011 News and European Economic Review (China) Central Bank of China Boost Currency Yuan Tuesday, September 27, 2011 China's central bank to boost the yuan to a record high on Tuesday, although most global investors seek weaken its own currency. This indicates Beijing will still continue despite the appreciation of yuan in a situation of global economic tensions. Additionally PBOC said it would limit the daily trading range Yuan. Yuan appreciation, which is known as the renminbi would have a negative impact on the competitiveness of China's manufacturing overseas, but one hand can reduce domestic inflationary pressures, strengthening the level of consumption and increase the chances of the yuan becomes a global currency, a thing seen by the Chinese government as China's efforts to reduce dependence on the U.S. dollar. Observed so far in July 2005 to 2008, the yuan has appreciated 21% against the U.S. dollar, and stop the strengthening of the global financial crisis over, and since 2008 until now the new Yuan rose about 7% against the U.S. dollar. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 28, 2011 Author Report Share Posted September 28, 2011 Asian Economic News and Review (Japan) Strengthening the Nikkei is still in the Paint Action Selling Wednesday, September 28, 2011 Japanese shares end up in closed up on Wednesday but accompanied the struggle to get the gain as many traders take action amid optimism related to the strengthening of European efforts to resolve debt problems proved short beumur. While the support of action to buy the shares associated with the dividend has also faded. Turnover on the Tokyo exchange of funds is quite bright, uplifting investors are now more inclined to wait and wait and see rather than dilute the benefits. While European stock futures open at low levels in all markets. The main Nikkei index closed up 0.1% or +5.70 points to a level of 8615.65. Telecommunications company Softbank shares surge by 3.8% contributed most to the index. Though Softbank shares briefly hit its lowest point in 15-months in the previous session. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 29, 2011 Author Report Share Posted September 29, 2011 News and Economic Review Asia (China) China To Help Europe Need Clarity Thursday, September 29, 2011 China can not help the euro-zone countries with problems without seeing the clear picture of the solution of debt problems, officials said China wealth fund. The worsening debt crisis has caused the euro zone's hope that rich countries like China can invest in the region. "China is concerned about the situation of the euro-zone," said Jin Liqun, head of China Investment Corporation. "However, China can not provide support without due diligence. China can not buy the euro-zone financial instruments without a clear picture of settlement of the debt problem." Jin, who is also a former deputy finance minister of China, express Europe must keep the investment flows and trade openness and thus should recognize China's market economy status. However, Jin is optimistic about the prospects of Europe. "State of the European Union still have a competitive advantage in a number of areas such as products of science, technology, manufacturing, and luxury goods ... over time, Europe will get out of trouble. We are optimistic about the prospects of Europe." Meanwhile, the euro strengthened on the New York session, was trading near the high-level daily 1.3644 1.3679 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted September 30, 2011 Author Report Share Posted September 30, 2011 Asian Economic News and Review (Japan) Japan Add Funds Interventions of U.S. $ 195 Billion Friday, September 30, 2011 Japan said Friday (30 / 9) will increase the funds of currency intervention and keep watching the trading position of dealers in an effort to tame the yen. Citing Reuters, August industrial output and other data showing rapid recovery from the earthquake and tsunami March 11 that becomes the tail stronger yen and global growth goyahnya. Azumi said the Finance Minister in June, the government set up 15 trillion yen ($ 195 billion) for market intervention, effectively raising rates against the amount already available by 46 trillion yen. He also said the government would monitor currency traders over the past two months, the currency positions daily to prevent speculative yen increase. The yen against the dollar remained stable at around 76-77 yen from Tokyo to buy 4.5 trillion yen on Aug. 4, but the currency continued to rise against the euro and currencies of other Asian competitors. With the yen against the dollar was 75.94, clearly worried about the berdampa Tokyo against the exporter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 5, 2011 Author Report Share Posted October 5, 2011 Asian Economic News and Review (Japan) Sell Large-scale action Immerse Nikkei Wednesday, October 5, 2011 The majority of Asian stocks slump again today (Wednesday, 5.10) mainly due to the sell-by bringas in the banking sector stocks surge as market concerns after Moody's downgraded Italy's sovereign debt as much as three levels. Even the Asian indices ignore Wall Street rebounds after positive speech from U.S. Fed governor Ben Bernanke. For the Nikkei, after the rebound with a gap open up, the index ultimately fell sharply again to plunge below 8400 levels, and consolidation in this area. But the chances of a rebound are still able to lift the index to the 8460 area until 8500. While the Nikkei itself is still potentially a correction back to the 8400 support level. Break this level, will spur further bearish towards the 8360 level until 8300. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 6, 2011 Author Report Share Posted October 6, 2011 Asian Economic News and Review (Japan) The impact of the Nikkei Rise Due to urge U.S. futures rise Thursday, October 6, 2011 After the last 5 days had been weakened, today (6 / 10) Japanese stocks rose. Surge in U.S. stocks overnight gave a strong belief that the chances of the U.S. stock market rebound will continue. At the same time that crude oil prices rose to a level of 80 dollars per barrel also gave a positive sentiment for the stock. The Nikkei index rose by 1.5% to 8508.09 basis points. While index futures has increased by 43 points to 8550 basis points with the support level of 8479 points and resistant level of 8574 points. The broader Topix index rose 1.4% to 736.54 basis points. Stocks that experienced an increase of which was Mitsubishi UFJ Financial shares rose 0.3% to 326 yen, Sony Corp shares rose 4.7% to 1470 yen and Nissan shares rose 4.1% to 686 yen. According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to still likely to rise although investors will still be waiting for the results of the BoE and ECB meeting to be held this afternoon. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 7, 2011 Author Report Share Posted October 7, 2011 Asian Economic News and Review (Japan) BOJ Hold Interest Rate, Yen Weakens Friday, October 7, 2011 Japanese Yen currency pair trade on GBP / JPY noon today (07-10) tracked down and the pair traded at around 118.52. Yen weaker as yet the presence of positive signal in the monetary sector of Japan. Overnight Call Rate Indicator reportedly decreased to <0.10% from the previous value of <0.10%. This negative response by investors in forex trading. Analyst Research Vibiz of Vibiz Consulting suggests that the Japanese Yen currency pair GBP / JPY is expected to weaken further still. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted October 10, 2011 Author Report Share Posted October 10, 2011 News and Economic Review Asia (China) China Want U.S. to Prevent Trade War Monday, October 10, 2011 China's foreign exchange re-affirm the law proposal which can be passed the U.S. Senate could cause a trade war and hurt in US-China relations, according to Chinese Vice Foreign Minister Cui Tiankai. Cui uttered the US-China trade war could hurt U.S. employment growth and inhibit the economic recovery of the world. The U.S. Senate is scheduled to do a vote on Tuesday on a proposal that would raise the tariff law of imported products from countries that are deliberately keeping its currency undervalued. Many economists claim China to keep yuan exchange rate to provide a competitive advantage for exporters in the global marketplace. However, Beijing has stressed to do a gradual yuan reform, which has appreciated 30% against the dollar since 2005. Meanwhile, the dollar weakened in early New York session, the EUR / USD and GBP / USD 1.3576 and 1.5645 near the daily high levels respectively in 1.3604 and 1.5664 Quote Link to comment Share on other sites More sharing options...
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