Currencies Quotes

Earnings momentum now favors Europe. Given the continued divergence in unit labor cost behavior between the two regions, coupled with the recent weakness of European currencies vis-a-vis the U.S. dollar, momentum should continue to favor Europe.

The falling rupiah ... puts general pressure on Asian currencies.

For the yen it`s much to do with oil prices. High oil prices are an unambiguous negative for all Asian currencies but the yen`s sensitivity is historically high,

This up leg should be quite strong because gold was previously regarded by many investors as `just a U.S. dollar story`. Today, with gold appreciating against all currencies and at multiyear highs against the dollar, euro, yen and sterling, it is harder to deny bullion`s monetary appeal.