"While central bank easing programs such as quantitative easing may not be specifically employed to weaken a currency, it's clear the consequence is an outcome central banks and governments are all too happy to accept," Chris Gore, currency analyst at Go Markets said in a note to clients.
"Takehiko Nakao's comments serve as a stark reminder of the Government's unrelenting drive to pursue a weaker currency in attempt to resuscitate the economy," Chris Gore, currency analyst at Go Markets said in a note to clients. "Nonetheless, attempts by the Abe government to devalue the Yen are not
"While (Greek) austerity measures put in place provides a long-term plan to reduce the nation's budget deficit, it does little to assist growth in the region with potentially years of sub-zero growth on the horizon," Chris Gore, currency analyst at Go Markets in Melbourne said in a note.
"Quite simply, the EU summit was a sink or swim moment and judging by the ensuing price action across global risk assets, it's not the all-encompassing solution the market was anticipating," said Chris Gore, currency analyst at GoMarkets in Melbourne.
Chris Gore, currency analyst at GOMarkets in Melbourne, told Dow Jones Newswires: "The general sense of impending doom will likely remain the primary theme as European leaders struggle to build a consensus on the right course of action to avoid a full-scale crisis."
-zone officials to resolve the crisis is a positive for the euro. "The possibility of all-encompassing measures to help restore confidence in Greece and Portugal's bailout appears to have provided the euro a platform for short term strength," said Chris Gore, currency analyst at GOMarkets in Sydney.
The possibility of all-encompassing measures to help restore confidence in Greece and Portugals bailout appears to have provided the euro a platform for short-term strength, said Chris Gore, currency analyst at GOMarkets in Sydney.
Date: May 18, 2011
Category: Business
Source: Google
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Chris Gore
Work:
Obsidian Technical Commuications - Art Director (2008)
Tagline:
Hi, I am Chris, I enjoy: colors, shapes, patterns, geometry, polygons, feedback, processing systems, analog effects, digital effects, accidents, out of focus imagery, tape.
Chris Gore
Lived:
Prattville, AL Starks, LA
Chris Gore
Work:
United States Marine Corps - Desk Sergeant, Patrol Supervisor, Armorer