The quiet in currencies before Friday was well deserved. Market participants stood aside before jobs report late in the week. Probably a right decision for most, given what happened on Friday. Volatility in currencies increased dramatically, with the Canadian Dollar among those affected the most. The North American session started with labor numbers from Canada, [...]

There were two developments from Europe on Friday. One was the continued lack of progress on Greek debt swap, exactly the same situation as we had one week ago, in spite of assurances of “imminent” agreement. The other one came courtesy of Fitch Rating Agency. The company cut the credit ratings of five Euro zone [...]

Following failed intervention in the Yen market few months ago, Japanese authorities decided to take advantage of strong domestic currency. To this end, they established a fund, which would allow Japanese companies to borrow money for, oversees acquisitions, or buyouts. This program has $130 billion at its disposal, coming from the country’s foreign-exchange reserves and [...]