Archives of “Mizuho Financial Group” tag

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USD facing more questions about its status as the primary reserve currency

  
Analysis, Forex
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Here is an item on the US dollar from Bloomberg that may be of interest.

It cites analysts from Credit Agricole and Mizuho
  • USD accounts for more than 60% of global reserves
  • the most widely used currency for international transactions
  • But it risks ceding ground to the euro after European Union leaders agreed on a 750 billion euro stimulus package that enhances the appeal of the shared currency and euro-denominated assets
CA say that the recovery fund will facilitate diversification out of the US dollar
offering liquid, high-rating, euro-denominated debt
Here is an item on the US dollar from Bloomberg that may be of interest.
I’d not be getting too gung-ho on this, and note that the analysts say ‘risks ceding ground’, they are not writing off the dollar.

The 3 reasons EUR has bottomed against the USD and yen

  
Analysis, Forex
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A quick snippet from Mizuho in Japan on the euro. Citing three reasons it has bottomed out:

  • European Central Bank’s easing options are limited
  • Brexit uncertainties a negative for GBP against EUR
  • Chatter of fiscal stimulus
On the ECB:
  • to hold back from restarting asset purchases on Thursday
  • likely to cut negative policy rate further, to -0.5%, but room for further cuts is limited
Forecast:
  • 1.15 possible by year-end
A quick snippet from Mizuho in Japan on the euro. Citing three reasons it has bottomed out:Last one for Dr. D
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