Deeper Analysis
Can Japan Compete at Current Yen Levels? It’s Quite Plausible.
September 13, 2010
An article in today’s Financial Times by Mure Dickie and Lindsay Whipp questions whether yen intervention would be effective, let alone appropriate. Japanese exporters increasingly complain that it has become difficult to make a profit at present yen levels. At last week’s highs, the yen equaled 83.35 per dollar, 49.0% stronger than a low of […] More
New Overnight Developments Abroad - Daily Update
Investors Breath Sigh of Relief
September 13, 2010
Stocks, sovereign bond yields, and commodities are higher, while the dollar is lower. The People’s Bank of China did not raise interest rates, and the weekend’s agreement on Basel III produced decisions that did not surprise investors and seem manageable. The dollar has lost 0.7% against the euro and Australian dollar, 0.5% versus the Canadian […] More
