New Developments Abroad: Global Equity and Dollar Sell-off
July 15, 2008
Equities are down sharply by 2.0% in Japan, Germany, Indonesia and France . Fresh losses amount to 3.8% in Hong Kong, 4.1% in China, 4.5% in Taiwan, 3.3% in Thailand, 2.1% in Australia, and 1.7% in Britain. The dollar hit 2008 lows of $1.6038 per euro, Sing$ 1.3465, and 0.9832 per Australian dollar. The dollar is [...]
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