Archive for November 11th, 2009

Larry's Blog

Dollar Weakness After Presidential Elections

November 11, 2009

An element of the dollar’s depreciation in 2009 to bear in mind is that we are in a post-presidential election year.  The dollar has taken some pretty big tumbles in such years before. It fell 31.5% from 3.22 marks at the time of the 1972 reelection of Richard Nixon to 2.20 by early July 1973. […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Chinese Industrial Output, Retail Sales, and Import Growth Accelerate

November 11, 2009

The dollar has lost 0.4% against the Canadian dollar, 0.3% versus the euro and Swiss franc, and 0.1% relative to the Aussie dollar.  On the other hand, the greenback shows gains of 0.4% against sterling, 0.3% against the kiwi, and 0.2% versus the yen. Stocks have performed well, rising 2.5% in India, 1.7% in the […] More

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