The currency playing field
Brazil Has Sufficient Reserves, Banker Meirelles Says ``We have time and leeway enough, so we are not in need of making any brusque movements to add to reserves,'' Meirelles, 59, said during a seminar sponsored by Standard & Poor's and the Getulio Vargas Foundation in Sao Paulo. ``We will take advantage of the best moment and conditions to replenish reserves.''
bloomberg.com
France joins Germany in economic slide
PARIS, Nov 12 (AFP) - Prospects for a vibrant eurozone economic recovery took a hammering Friday as France joined Germany in reporting flagging momentum and the EU commission trimmed its growth forecast.
French gross domestic product grew by just 0.1 percent in the third quarter from the second, well below an estimation of 0.5 percent, figures released by the national statistics institute INSEE showed.
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"it would be suicidal for the European Central Bank to begin a cycle of monetary tightening in 2005," added Emmanuel Ferry of brokers Exane BNP Paribas.
expatica.com
'Falling dollar to hit Germany, Japan most'
REUTERS[ MONDAY, NOVEMBER 22, 2004 12:27:44 AM]
BERLIN: A communique from the G20 group of rich and developing countries made no explicit reference to currency swings on Sunday, despite mounting concern in Europe and Japan over a slide in the US dollar to multi-year lows.
German finance minister Hans Eichel said he would be lying if he said foreign exchange rates had not been an issue at the meeting but on currencies, the communique simply called for greater flexibility in emerging Asia.
economictimes.indiatimes.com
Germany Wants Flexibility on Asian Currencies, Official Says
Dec. 3 (Bloomberg) -- Germany wants greater flexibility of Asian currencies and will seek discussion on exchange rates with Chinese authorities next week, said a German government official who declined to be identified.
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Chancellor Gerhard Schroeder will seek talks with China on currencies when visiting Beijing and Tokyo next week, the official said. Japan, which sold a record 32.9 trillion yen ($318 billion) in the fiscal year ended March 31, hasn't taken action to stem the yen's increase against the dollar since March.
Chinese officials, including People's Bank of China Governor
siliconinvestor.com |
