Archive for March 21st, 2011

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