Short-term currency volatility is a fact of life, and is hard to prevent.
Short-term currency pains should help lead to long-term gains, and as the Euro inches closer to par with the dollar, investors should be prepared to buy European stocks.
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As such using the term currency manipulator is fighting talk.
Financial intervention broadly: government control of interest rates and money supply, and long-term currency debasement are somehow non-issues even as federal regulation such as Dodd-Frank sweeps across the private financial sector.
Late Wednesday afternoon in Europe, Fitch Ratings said it had cut Iceland's long-term sovereign currency issuer default ratings to "BBB-, " from "A, " putting them firmly in "junk" territory.
Short-term foreign-currency debt, combining the hazards of both, is therefore a prime concern.
Senior members of his team merrily aver that theirs will be the most Eurosceptic administration since that term had any currency.
In the long term, fixed currency rates were a recipe for trouble because when economic times changed currencies, conversion rates needed to change as well to keep the economy in equilibrium.
But reserve holdings in some emerging markets have gone way beyond levels suggested by prudential rules of thumb enough to pay for three months of imports, say, or to cover short-term foreign-currency debt.
Issuers would achieve this stability through loan extension and expiration operations (the major, long-term method) or currency trading (the minor, day-to-day method).
Euro-zone countries must still agree and implement the new treaty enshrining their new fiscal rules, an important test of their political commitment to the long-term viability of the currency.
However, overall success of interventions in changing the long-term path of a currency is less certain--and they only seem to work when nations coordinate their efforts--highly unlikely in this environment.
While Nomura analysts believe the real may very well remain a BRL1.70ish currency long term, the short-term trend is for it to regain some of those losses before the end of the year.
According to a 36-page academic research report by the Peterson Institute for International Economics, China has moved closer to its long-term goal for its currency, the renminbi (RMB), to become a global reserve currency.
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An expansion in the short-term yield differentials would make currency hedging more expensive for life insurers.
The short-term goal of stabilizing the currency is creating a bigger problem of corporate insolvency.
The euro-debt story will be front and center in the near-term and will likely drive currency moves, they said.
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Despite all of the G10 JPY crosses looking short-term bearish, the single currency remains firmly steadfast in its technical range.
However, the relationship between prices and GDP per head can be used to estimate the short-term fair value of a currency relative to others.
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Considering this new landscape, and the flaws in the plan to save the euro, some brave souls may even say that it is no longer even in the UK's long-term interest for the single currency to survive in its current form.
The Chinese government agrees that in the medium term it needs to set its currency free.
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When the term Cyber Monday first came into currency just six years ago, the Internet and the world of e-commerce were vastly different places.
Conversely, for example, you might read a sentence like this: 'Malcolm Gladwell's book, 'The Tipping Point, ' introduced a term that is now in wide currency.
Surely this has implications for the currency and long-term consumption?
Over the past year sterling has become a favourite of currency traders because of Britain's strengthening economy and rising short-term interest rates, according to Adrian Schmidt, a currency strategist at the Royal Bank of Scotland.
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While U.S. economic data has been weak recently, which is U.S. dollar-bearish, the one factor that could work to support the dollar and pressure the Euro currency in the near term would be a significant deterioration in the EU sovereign debt situation that EU and IMF officials are working hard to contain.
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You can get the currency exposure either by purchasing short-term paper issued by the flaky government in question or by taking a long position in the futures market for that currency.
Rather, he believes that the government authorities see the appreciation of the Chinese currency as a long-term, structural adjustment.
This spells for a long-term lag on the dollar, but there are short-term problems for the rest of the currency market as well.
Fixed income investors are getting paid for risk taking in countries like Brazil, where interest rates are around 9 percent for short term government bonds priced in the local currency, and as much as 3.5 percent for sovereign bonds priced in dollars.
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