We must stress that the euro has been beneficial to the European Union because, otherwise, in this context of international turmoil, every country would have to devalue their currencies.
Quotes about currencies (16 Quotes)
The idea that currencies are less important to trade accounts now doesn't stand up to serious analysis.
The two central banks are likely to hold interest rates this time, especially Korea, because large flows are coming in which is putting appreciation pressure on currencies.
Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
Huge remittances could cause huge appreciation to the currencies. We need to ask ourselves, how do we measure the remittances, what effects do they have on social programs.
We've seen markets get ahead of themselves in bonds and in currencies as well. There are signs that markets have now gotten too optimistic about not only the size of the U. S. recovery, but the speed our medium-term forecast is still very much of euro strength and dollar weakness.
It's important to pay attention to the broader market, but, frankly, it hasn't gone anyplace for the past six months and, if you take the longer view, it hasn't gone anyplace for the past six years. But within those years, there were tremendous opportunities within stocks, bonds, electronically traded funds, mutual funds of all sorts, currencies, precious metals and commodities, all of which investors could have taken advantage of.
Hence, to jointly promote balanced and orderly development of the world economy, all countries, major economies in particular, should not only adopt responsible economic policies to introduce necessary economic restructuring, keep major currencies reasonably stable and prevent trade protectionism, but also intensify dialogues on macro-economic policies and, most importantly, coordination on major issues that bear on the overall development of the world economy and the common interest of all countries,
It's notable that CAD has participated less in the gains against the U. S. dollar than most currencies have seen.
The honeymoon period is now really over. The world is really starting to pressure China. There will be appreciation pressure on Asian currencies.
We should be moving toward local currencies not global or European currencies.
The central bank may want any gain not to exceed the appreciation of other regional currencies. A weaker currency will help Taiwan's exports.
The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.
Investors should be focused on regions where there are healthy balance sheets and high personal savings rates. Areas where there will be appreciating currencies, where there is pent-up demand and where there is an ability among policy makers to spur that pent-up demand.
The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.
It's always been a contentious issue, though both the Ministry of Finance and the Bank of Canada, for the record, have said they're against a common currency. I think over a very long time you'll see an amalgamation of currencies, but that's a very long way away.