INTERNATIONAL. The dollar may fall under ¥ 75 next year as it will world "weakest currency" due to the Federal Reserve monetary easing program according to JPMorgan and Chase Co.
Keep the American Central Bank, together with those in Japan and Europe, interest rates at record low 2011 is like trying to economic growth, boost, said Tohru Sasaki, head of Japanese prices and foreign exchange research at the second-largest U.S. Bank by assets.
U.S. policy makers additional easing steps that take the $600 billion bond program announced this month per inflation and the labour market purchase, he said.
"The United States has the largest current account deficit but keeps interest rates to almost zero" Sasaki said yesterday at a forum in Tokyo."The dollar can avoid the status as the weakest currency."
The Fed said in Novenebr 3 US$ 75 billion of treasuries a month until June on CAP borrowing costs kaufen.Die Central Bank has its key interest rate in a range from 0 (zero) to 0.25% since December 2008 gehalten.Die Bank of Japan on October 5 cut its key interest rate to a number from zero to 0.1% and a ¥ 5 trillion (59.9 billion USD) asset purchase Fund established.
The greenback declined after the second world war low of ¥ 79.75 Yen in April 1995.Die U.S. currency fell against 12 of his 16 most traded colleagues this year according to data from Bloomberg.
There is no need for any monetary tightening in the U.S. and extended easing inflationary pressures with the balance sheets of banks and increase households still hurt from the fallout of the global financial crisis won't Sasaki said.
Ten-year Treasury bond yields may drop next year to approximately 2.25% and your bonus of similar maturity Japanese income will not widen, he said.The benchmark 10-year Treasury revealed 2.89% today.
The world economy is expected to expand 3% next year surrounded by central banks, "repeating a pattern of early 2002 until the end of the year 2004" additional liquidity provided an improvement of the risk appetite increased, 25% against the yen fell shares and raw materials and the dollar, Sasaki said.
With monetary easing in the United States and Europe Japan likely demand for revenue increase and strengthen the global recovery, weaknesses against other currencies besides the last seen Sasaki said $levels, the beginning of 2007, the yen ready.
Japan will refrain from selling the yen, even if it strengthens intervention against the dollar, following international criticism of Forex, er.Die said nation intervened in the currency markets for the first time in six years on Septemebr 15, if increased the yen to a 15-year high.
Date:Posted: 19.November, 2010INTERNATIONAL.Singapur-basierte DBS Bank plans step for his local game play to the region surging Megatrends and relying on its greatest asset - is a reliable home grown brand.
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