Mantega Says Investors Are ‘Wrong’ to Think Brazil Quitting Currency Fight

April 15, 2011
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Brazil’s Finance Minister Guido Mantega said investors misinterpreted his comments last week about currency gains being inevitable and that policy makers will continue to take measures to curb capital inflows.

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G-7 Lifts Currency Reserves as UBS Sees Intervention Revival

April 14, 2011
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G-7 Lifts Currency Reserves as UBS Sees Intervention Revival

Group of Seven governments are boosting their currency reserves as strategists at UBS AG and Bank of New York Mellon Corp. detect the potential for more intervention to quell exchange-rate swings in coming years.

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FX Headlines: Yen Gains as Currency Markets Shift to ‘Risk-Off’ Phase

April 14, 2011
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FX Headlines: Yen Gains as Currency Markets Shift to ‘Risk-Off’ Phase

The Yen gained in the overnight session as the currency markets appeared to have switched to a ‘risk-off’ phase, with the commodity currencies taking the biggest hit amid news that the Chinese housing market appears to have bottomed out last month amid tighter lending conditions.

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S’pore allows stronger currency to slow inflation

April 14, 2011
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Singapore will allow its currency to strengthen in a bid to ease inflationary pressures sparked by robust economic growth and rising energy and food costs, the central bank said Thursday.

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G-7 Nations Boosting Currency Reserves as UBS Senses Intervention Revival

April 13, 2011
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Group of Seven governments are boosting their currency reserves as strategists at UBS AG (UBSN) and Bank of New York Mellon Corp. (BK) detect the potential for more intervention to quell exchange-rate swings in coming years.

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FOREX: US Dollar Hints at Reversal but Downward Trend Strongly Intact

April 12, 2011
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FOREX: US Dollar Hints at Reversal but Downward Trend Strongly Intact

The US Dollar saw a noteworthy intraday rally against the Euro and other major counterparts, but a later reversal underlined that momentum firmly favors continued Greenback weakness.

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