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Benjamin · 27-01-2005, 14:16

Zeitprämisse 4. Febr. evtl. falsch, da G7 auch zm Non-Event werden könnte:
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The dollar was slightly stronger on Thursday morning as currency investors awaited next week’s meeting of the Group of Seven leading industrialised countries and indications of the imminence or otherwise of a revaluation of China’s renminbi.

Volatile trading steadied after reports a G7 source said there would be no change to what was said about currencies last year.

In Boca Raton, Florida, the industrialised nations said excessive volatility and disorderly movements in currency exchange rates were undesirable.

Major currencies see-sawed this week because of mixed signals from Chinese officials and comments from Japan's top financial diplomat confirming the group would stick to the language on currencies adopted a year ago.

"The dollar is showing some strength but it seems pretty range bound. We don't think anyone should expect anything from the G7. There will be noise on the sidelines but certainly the official statement will be a non-event," said Marvin Barth, currency strategist at Citibank.

"A lot of the sting has been taken out of the G7. They don't want to change the wording and so the G7 could be a non-event," said Peter Fontaine, currency analyst at KBC in Brussels.

"Talk of Chinese revaluation is becoming a bit like the boy who cried wolf," said a trader at a British bank in Asia.

Japan's top financial diplomat Hiroshi Watanabe said on Thursday he believed the G7 stands by its currency statement adopted last February in Boca Raton, Florida.

He also said he has heard no calls from the G7 to change the statement.

His remarks followed comments from a G7 source who told Reuters on Wednesday the statement would be identical to that issued in Boca Raton.

The G7 was not the only source of pressure on the dollar. “Fresh US casualties in Iraq at the hands of insurgents ahead of Iraq’s weekend elections [and] recurring worries over the US deficit funding also seem to be plaguing the dollar,” Hans Redeker of BNP Paribas said.

But the perceived spate of forthcoming interest rate rises by the US Federal Reserve may brake the three-year decline of the dollar. “We find that the dollar rises along with a rate hiking Fed but with an average lag time of 12 months...We expect that the dollar will rally for the next six months and by at least 15 per cent (das wären dann ca. 1,16) ,” Jes Black at Black Flag Capital Partners felt.

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EUR/JPY:

Nur falls G7 doch wichtig, dann diese Darstellung:
EUR/JPY: Rote Variante bevorzugt.

27-01-2005, 14:16	#1415
Benjamin TBB Family Registriert seit: Mar 2004 Beiträge: 10.373	Zeitprämisse 4. Febr. evtl. falsch, da G7 auch zm Non-Event werden könnte: ------------------------------------------------------ The dollar was slightly stronger on Thursday morning as currency investors awaited next week’s meeting of the Group of Seven leading industrialised countries and indications of the imminence or otherwise of a revaluation of China’s renminbi. Volatile trading steadied after reports a G7 source said there would be no change to what was said about currencies last year. In Boca Raton, Florida, the industrialised nations said excessive volatility and disorderly movements in currency exchange rates were undesirable. Major currencies see-sawed this week because of mixed signals from Chinese officials and comments from Japan's top financial diplomat confirming the group would stick to the language on currencies adopted a year ago. "The dollar is showing some strength but it seems pretty range bound. We don't think anyone should expect anything from the G7. There will be noise on the sidelines but certainly the official statement will be a non-event," said Marvin Barth, currency strategist at Citibank. "A lot of the sting has been taken out of the G7. They don't want to change the wording and so the G7 could be a non-event," said Peter Fontaine, currency analyst at KBC in Brussels. "Talk of Chinese revaluation is becoming a bit like the boy who cried wolf," said a trader at a British bank in Asia. Japan's top financial diplomat Hiroshi Watanabe said on Thursday he believed the G7 stands by its currency statement adopted last February in Boca Raton, Florida. He also said he has heard no calls from the G7 to change the statement. His remarks followed comments from a G7 source who told Reuters on Wednesday the statement would be identical to that issued in Boca Raton. The G7 was not the only source of pressure on the dollar. “Fresh US casualties in Iraq at the hands of insurgents ahead of Iraq’s weekend elections [and] recurring worries over the US deficit funding also seem to be plaguing the dollar,” Hans Redeker of BNP Paribas said. But the perceived spate of forthcoming interest rate rises by the US Federal Reserve may brake the three-year decline of the dollar. “We find that the dollar rises along with a rate hiking Fed but with an average lag time of 12 months...We expect that the dollar will rally for the next six months and by at least 15 per cent (das wären dann ca. 1,16) ,” Jes Black at Black Flag Capital Partners felt. -------------------------------------------------------------------------------- EUR/JPY: Nur falls G7 doch wichtig, dann diese Darstellung: EUR/JPY: Rote Variante bevorzugt. Geändert von Benjamin (15-02-2013 um 21:10 Uhr)