foreign exchange
August 2010 in Figures
August 31, 2010
August had a different mood from July. Long-term interest rates tumbled, and the dollar rose except against traditional carry trade funding currencies like the Japanese yen and Swiss franc. The yen reached a new 15-year high of 83.61, and the Swissy’s monthly peak of 1.0135 per greenback almost matched the 2010 high. The dollar performed [...] More
Steinbrenner, Baseball, and Foreign Exchange
July 13, 2010
George Steinbrenner, owner of the New York Yankees since 1973, passed away today nine days after his 80th birthday. I submit one cannot completely understand American culture and the country’s distinctive status without some knowledge of baseball and the sport’s history. What Homer’s Illiad and Odyssey represent for Ancient Greece, where the idea of democracy [...] More
ForexTV Interview
December 11, 2009
Click here to hear my December 11 interview with Julie Sinha of ForexTV in which I explain how a downward seasonal bias could trip the dollar’s rally later in December. I was questioned on other matters concerning the currency outlook as well. More
