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So far it seems that hedge funds have been well positioned to profit from the yen's move, while real-money investors have mostly missed out on this ?outright' 15% decline over the last three months and a 25% fall against the EUR since the summer. The real-investor seems to have been too hung up on the EUR and its periphery concerns. The fact that the yen crosses remain under pressure, despite the BoJ falling somewhat short of expectations earlier this week, is strong proof that the Central...
Is there a strong ?silent' currency war in play' If so, the real investor needs to be officially invited so they can avoid betting against Central Banks this year. Looking at the yen, it remains one of the surest bets! Yesterday, the dollar managed to record its largest one-day rise against the currency from the ?rising sun' in 13-months. The yen weakness was again mostly fuelled by stoic comments from the Japanese Vice-Finance minister Nakao, who indicated that ?appropriate action' would be...
We’ve launched themes especially for people planning and documenting their weddings, like the elegant themes Forever and Ever After, and the charming, playful Lovebirds and Blissful Blog themes. Here, we’ll take a quick look at how brides-to-be gather inspiration, how couples can share event details with their guests, and how folks in the industry — like wedding planners and photographers — showcase their work and exchange ideas within the community. Snapshots &...
The Swiss National Bank has been trying to weaken its domestic currency for a long time. With the exchange rate versus the Euro as target, the bank announced a floor of 1.20 in the EUR-CHF, vowing to defend it at all costs. That meant buying the Euros in ?unlimited quantities' for as long as necessary. Indeed, it has been a long time, as the price was stuck at or near this line in the sand for all of last year. However, it finally looks like these actions are paying dividends. On Thursday,...