FOREX-Dollar jumps as solid data suggests Fed rate hike still in play NEW YORK, Feb 12- The dollar rose against a basket of major currencies on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, backing the possibility of the Federal Reserve continuing to raise interest rates this year. "The print is suggestive of the idea that Janet Yellen is right and most of the is right in not being overly...
GLOBAL MARKETS-Dollar, stocks nudge higher as hurricane subsides *Yen near 15- month high despite Japan's verbal intervention. LONDON, Feb 12- Relative calm returned to world markets on Friday after a hurricane-force week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold. Japan's Nikkei fell 5.4 percent, having been shut during...
| By: Marc Jones
EMERGING MARKETS-Equities' fall points to second week of losses LONDON, Feb 12- Emerging market equities fell half a percent on Friday and looked set for a second straight week of losses, though tentative gains on European bourses lifted emerging market dollar bond prices and currencies off the previous day's lows. HSBC strategist Dominic Bunning said those fears coincide with slow growth and high inflation in many...
| By: Sujata Rao
Is the Japanese Yen heading higher? Intervention in the value of the Japanese Yen is not on the cards, according to Valentin Marinov, managing director, head of G10 FX research at Credit Agricole.