16 August, 2015 by The TZ Newswire Staff Comments Off on Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession
Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession
Asia got off to an inauspicious start this evening with Japan printing a disappointing 1.6% drop in GDP – heading for its fifth recession in 6 years… so much for Abenomics, but, of course, Amari spewed forth some standard propaganda that he expects Japan to recover moderately (and Japanese stocks popped modestly assuming moar QQE).
16 August, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan reference rate at 6.3969
People’s Bank of China (PBOC) sets yuan reference rate at 6.3969
People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate for today at 6.3969
– Friday’s rate was set at 6.3975
OK … so very little change from Friday’s fix
16 August, 2015 by The TZ Newswire Staff Comments Off on Dollar tries to shake off yuan, yen little moved
Dollar tries to shake off yuan, yen little moved
The dollar started the week on a firmer footing as traders looked to the prospects of a Fed hike as the yen was little moved from Japan’s GDP slump.
16 August, 2015 by The TZ Newswire Staff Comments Off on Goldman Weighs In On America’s Pension Ponzi: Contributions Must Rise $100 Billion Per Year
Goldman Weighs In On America’s Pension Ponzi: Contributions Must Rise $100 Billion Per Year
Over the past several months, we’ve taken a keen interest in the deteriorating condition of state and local government finances in America.
16 August, 2015 by The TZ Newswire Staff Comments Off on China – USD/CNY rate setting coming up at 0115GMT
China – USD/CNY rate setting coming up at 0115GMT
The regular People’s Bank of China yuan reference rate fixing is due at 0115GMT … or, more usually, a few moments afterwards
On Tuesday last week we got the first devaluation for the week, a drop in the yuan of 1.9% against the USD.
16 August, 2015 by The TZ Newswire Staff Comments Off on Growth data raises questions for BoJ policy
Growth data raises questions for BoJ policy
Japan’s economy contracted in the April-to-June quarter, but managed to perform slightly better than expected, data Monday showed.
16 August, 2015 by The TZ Newswire Staff Comments Off on Japan economy shrinks in second-quarter in setback for ‘Abenomics’
Japan economy shrinks in second-quarter in setback for ‘Abenomics’
Japan’s economy shrank at an annualized pace of 1.6 percent in April-June as exports slumped and consumers cut back on spending, a bad omen for Prime Minister Shinzo Abe’s policy drive to lift the economy out of decades of deflation. The gloomy data adds to signs that Japan’s economy is at a standstill and may rekindle market expectations that the Bank of Japan will expand monetary stimulus later this year.