• American focus : The Japanese yen fell substantially against the U.S. dollar

Notícias do Mercado

10 outubro 2013

American focus : The Japanese yen fell substantially against the U.S. dollar

The euro exchange rate has recovered from lows against the dollar, but in spite of it, continues to be near the opening level of the day . Note that a couple can not determine the direction against the background of cautious optimism about reaching an agreement in the United States .

Add that Republicans today sent the Obama plan to raise the debt ceiling for a period of 6 weeks , according to House Speaker Boehner and the leaders of the Republican Party in the recent press release . They want to see that President Obama will propose in return.

Boehner also said that later he will take part in the discussion of " shatdauna " and the issue of deficit reduction with President Obama.

On the other hand, a source in the White House, said the WSJ, that the administration would like to discuss not only the short-term but also long-term increase in the debt ceiling. " For the economy will be better if Congress will remove the threat of default as far as possible ."

Republicans in the House of Representatives began talks yesterday, but it is not clear whether they will demand something in return increase the "ceiling."

The pound rose slightly against the dollar, despite the fact that the meeting of the Monetary Policy Committee of the Bank of England did not bring any surprises .

Note that the Bank of England left its key interest rate and bond purchase program unchanged, as the recovery of the UK economy has shown signs of improvement.

The nine members of the Monetary Policy Committee of the Bank of England , led by Mark Carney has kept its key interest rate at a record low of 0.5 percent and a program of bond purchases at around 375 billion pounds ( 598 billion dollars), which corresponds to the forecast of economists surveyed by Bloomberg News. In August, the Bank of England said it will not raise borrowing costs until the end of 2016.

MPC said that he would consider raising the key interest rate at least until the unemployment rate drops to 7 percent from 7.7 percent, that is until the end of 2016.

Carney said in an interview last month that he does not see the argument for the expansion of quantitative easing , and Minutka the September MPC meeting showed that all nine members agreed that the current policy is appropriate. Minutes of this meeting will be published on 23 October.

The yen fell against the dollar amid little progress in addressing the issue of budget dollars, and the statements of the Bank of Japan.

Bank of Japan Kuroda was made today in the United States , saying that the Bank of Japan will do its utmost to fight deflation .

Speaking in New York, Kuroda spoke out in defense of the program of asset purchases , calling their effects " encouraging." He added: " We believe that continuing to apply these measures , we will defeat deflation ."

Inflation target of the Bank of Japan on 2- year period is still 2% , and it expects to double the money supply by the end of 2014.

These comments concerned the policies of the Bank of Japan. While most of the B10 combine ultra-soft monetary policy with a moderate reduction of expenses , Japan continued expansionary policies to stimulate consumption.

In the short term, the yen rose against the debt ceiling in the United States . While the yen's rise affects the export sector in the short and long term, Kuroda said that the policy of the Central Bank rather aimed at stimulating demand rather than on achieving the target level of the currency.

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