All-Time Record Low in Dollar/Yen

March 17, 2011

The yen strengthened to a new historic high of 76.25 per dollar before the Asian open, breaking the old peak of 79.85 reached April 19, 1995.  At 78.35/USD, Japan’s currency still shows a net overnight advance of some 2%.  An unnamed source claims that G7 finance ministers and central bankers plan a conference call at […] More

Currency Policy Strains Unresolved

October 11, 2010

Talks among officials of the G-7 and broader community of nations in connection with the IMF/World Bank meetings in Washington have done little to resolve brewing currency wars.  There have been the typical pledges of cooperation and an agreement to have the IMF study the question.  But nothing concrete emerged.  U.S. Treasury Secretary Geithner escalated […] More

G-7 Meeting in North Country Ends

February 7, 2010

The Canadian hosts of the weekend meeting of G-7 central bankers and finance ministers relayed a mixed message of global economic progress, much unfinished work, reduced G-7 responsibility, but a continuing informal role for the group in promoting a candid discourse among its members. 02/06/10Iqaluit The G-20 is now the group responsible for coordinating foreign […] More