Currencies are a very political asset, says Boris Schlossberg BK Asset Management, providing a look at what's likely to move currency markets ahead of taper talk in September.
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Nissan Motor Chief Executive Carlos Ghosn said the Japanese government's efforts to rein in the rise of the yen had failed, forcing manufacturers to reduce investment in Japan and shift output elsewhere.
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As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.
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Debt-talk drama is likely to put markets on the defensive next week. Plus, a third of the S&P reports earnings, including Boeing, Ford and ExxonMobil, and the first look at Q2 GDP.
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