Deeper Analysis
A Weak Dollar, Strong Yen, and Intervention
March 21, 2011
The dollar posted very similar average trade-weighted values in the 1990s and 2000s, but it is currently about 22% weaker than those mean decade values. Last week’s yen peak of 76.25 per dollar was the Japanese currency’s strongest ever, and dollar came within 2% of a 10-year low against the euro. The trade-weighted yen is […] More
New Overnight Developments Abroad - Daily Update
Share Prices and Commodity Currencies Higher
March 21, 2011
Few data releases this Monday. In Japan, which was closed for the Vernal holiday, news was mixed. While progress was reported in cooling the damaged nuclear reactor, radiation was discovered in food and water there. Oil prices climbed 1.6% to $102.72 per barrel, as the U.S., France, and Britain engaged in missile strikes in Libya […] More
