Archive for July 25th, 2008

Foreign Exchange Insights and Next Week

Foreign Exchange Insights

July 25, 2008

The U.S. dollar rose against a broader array of other currencies and by greater amounts this past week than in the previous week to July 18th.  Its gains even included a minuscule uptick against the Chinese yuan.  As of 14:45 GMT, the dollar had advanced 2.5% against the New Zealand currency and by between 1.0% […] More

Larry's Blog

America's Economic Problem

July 25, 2008

Former U.S. Labor Secretary Robert Reich, now an economics professor at Berkeley, posted a blog today that gives one of the most insightful explanations for the sputtering U.S. economy that I’ve thus far seen.  The underlying problem will be difficult to fix and take considerable time.  Click here to read Professor Reich’s take on the […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad: Further Equity Sell-Off in Asia and Europe

July 25, 2008

Stocks in Asia fell by 2.0% in Japan, 3.3% in India, 1.8% in Taiwan, 1.5% in Vietnam, 1.3% in China, 0.9% in the Philippines, and 0.5% in Indonesia. Equities tumbled 3.4% in Australia.  In Europe, the Dax is off 1.5%. The Ftse fell 1.0%, and the Paris Cac lost 0.9%.  U.S. open indicated lower. The […] More