Currencies
Yen Declines to Two-Week Low as Japan's Kan Says Intervention Is an Option The yen declined to a more than
two-week low against the euro as the government signaled it’s
ready to intervene to weaken its currency should “markets move
too abruptly.”
Japan Increasingly Likely to Sell Yen to Curb Gains, Morgan Stanley Says Japan is increasingly likely to
intervene in foreign-exchange markets to stop the yen from
rising, according to Morgan Stanley, citing its own model.
Yen to Drop to 100 as Deflation Spurs BOJ to Add Cash, CIB's Kotecha Says The yen is likely to weaken to 100
per dollar, a level last seen in April, as the Bank of Japan
pumps money into the financial system to combat deflation,
according to Credit Agricole Corporate and Investment Bank.
Pimco Says Chile Peso Not `One-Sided Bet' Investors See After Earthquake Chile’s peso will begin weakening
late this year as the country’s worst earthquake in 50 years
slows economic growth and record-low interest rates sap demand
for fixed-income assets, Pacific Investment Management Co.’s
Guillermo Osses said.
Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, two
people with knowledge of the selection process said.
Retail Sales Probably Declined in U.S. as Blizzards Kept Shoppers at Home Sales at U.S. retailers probably
fell in February as blizzards kept Americans away from auto
dealers and limited traffic at malls, economists said before a
report today.
Lehman Misled Investors on Leverage, Fuld Was `Negligent,' Examiner Says Lehman Brothers Holdings Inc. used
off-balance-sheet transactions to understate its leverage in
late 2007 and 2008, deceiving shareholders about its ability to
withstand losses, a bankruptcy examiner’s report said.
Argentina, Colombia and Mexico: Latin American Bond and Currency Preview The following events and economic
reports may influence trading in Latin American local bonds and
currencies today. Bond yields and exchange rates are from the
previous day’s session.
Euro May Break Resistance to 5-Week High Against Yen: Technical Analysis The euro may rise to a five-week
high against the yen after breaking through a key level of
resistance, Ueda Harlow Ltd. said.
U.K. House Prices Rose in February by Most Since 2002, Acadametrics Says U.K. house prices increased in
February at the fastest pace in more than seven years, research
group Acadametrics Ltd. said.
Pound Rises for a Second Day Against Dollar as Britain's House Prices Jump The pound rose for a second day
against the dollar after a report showed U.K house prices
increased at the fastest pace in seven years last month.
Rand to Rally 10% by July on Soccer World Cup, Economic Growth, RBC Says The rand will rally 10 percent in
the next three months as improving economic growth in South
Africa and hosting the Fifa World Cup boosts sentiment toward
the currency, according to RBC Capital in London.