Euro Slips Below $1.18 in Longest Slide Since May; Aussie Gains – Bloomberg
The euro slipped below $1.18 for the first time since 2005 as a German report showing factory orders fell in November more than economists predicted buoyed the case for additional European Central Bank stimulus.
It’s Deja Vu as BOE’s Carney Seen Holding Rates This Year – BusinessWeek
This year is looking a lot like 2014 for Bank of England Governor Mark Carney. As he concludes his first policy meeting of 2015, the outlook remains dominated by a weak euro-area economy that’s showing few signs of recovery, political risks at home and inflation below the 2% target.
World’s Best Forecaster Targets Euro-Dollar Parity: Currencies – Bloomberg
Being more bearish on the euro than the consensus helped ING Groep NV become the world’s most accurate currency forecaster in 2014. The Dutch bank sees no reason to change its strategy now, breaking from the pack to predict a drop to parity with the dollar within two years.
Bank of China to Set Up Yuan Clearing Business in Malaysia – Asia First
China’s Central Bank, the People’s Bank of China, announced that Bank of China has been authorised to conduct renminbi (RMB) clearing business in Malaysia’s capital, Kuala Lumpur.
Rupee Rises Most in Three Weeks as Foreign Banks Boost Holdings –Bloomberg
India’s rupee advanced the most in three weeks as foreign banks boosted holdings of local debt and stocks rebounded after a three-day loss.