Daily Forex News

As (short-term) interest rates remain on a very low level, funds are still being shifted into overnight deposits - at the expense of term deposits and other interest bearing components of M3. The decline in loans to the private sector will probably have continued; lending to non-financial corporations in particular…

Japanese strengthened broadly last week on the back of risk aversion as Nikkei dropped through October’s low of 9628 to close at 9497. Dollar lagged behind initial as US stocks extended rally and gold marched further to new record high of 1153. Nevertheless, the greenback caught up towards the end…