dollar/yen
Markets Move on From G20 Summit With Firmer Dollar, Stocks, and Bonds
July 10, 2017
Nothing truly newsworthy came out of the G20 Summit in Hamburg. The G19 is going forward without the United States on implementing the Paris Accord on combating man-made climate change. A potential trade war over steel wasn’t averted, nor did a coordinated plan emerge to address the situations in Syria, North Korea and other hot […] More
Surprise, Surprise, Surprise!
July 14, 2016
Surprise #1: Latest U.S. presidential opinion polls show the race between Trump and Clinton too close to call in key swing states, despite much greater political ad spending by the Democrats. Trump said he will unveil his VP choice Friday at 11:00 am EDT. Surprise #2: Rising from the ashes, Boris Johnson was named British […] More
Dollar Weaker against Kiwi, Australian Dollar and Yen
January 13, 2014
In an otherwise quiet Monday, the main development has been the strength of the yen and some other Pacific Rim currencies. With Japan’s market shut in observance of Coming of Age Day, the yen strengthened 0.6% against the dollar. The New Zealand and Australian dollars, both sensitive to commodity trends, also advanced 0.6% against their […] More
Focus on Algeria, China, Japan, and Britain
January 18, 2013
Algerian forces stormed the gas plant where foreign workers had been held hostage by militants, and some of the hostages were killed in the ensuing battle. Details are unclear at this time. This crisis caused British Prime Minister Cameron to postpone his speech on Britain’s relationship to the EU in the future. No make-up time […] More
Strengthening Yen Depressed Japanese Growth
December 10, 2012
It’s easy to see why Japanese officials have been distressed about the overvalued yen. The currency’s appreciation since the onset of the global financial crisis in August 2007 has correlated with relatively weak Japanese GDP growth including three distinct recessions. The weakest value of the yen in 2007, 124.14 per dollar, was touched on June […] More
