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Transcripts For BBCNEWS Talking Business 20240707

this currency expert from one of the world s biggest banks tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over th

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Transcripts For BBCNEWS Talking Business 20240707

tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over the world. politicians and central bankers everywhere are fre

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Yen Volatility Threatens to Derail One of the Year's Best Trades

(Bloomberg) Japan is threatening to derail one of the most profitable currency bets this year: carry trades borrowing the yen to invest in emerging-market currencies. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market Has Already VotedA g

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Huge FX Gains Are Japan's Benefit From Intervention, Setser Says

(Bloomberg) The Japanese government can expect to have realized “windfall” profits if officials did indeed intervene in currency markets by selling dollars and buying yen on Monday, according to Brad Setser, a senior fellow at the Council on Foreign Relations. Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysWall Street Hit by Fed Jitters to Close Wild April: Markets WrapHSBC CEO Quinn Unexp

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Japan Is 'Very Close' to Intervention, Former Forex Chief Says

(Bloomberg) Japan is on the brink of currency intervention if the yen weakens any further, according to one of the country’s former top currency officials. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosZimbabwe’s ZiG Wipes Out 330% Stocks RallyApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020“Amid no change in US and Japan interest r

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