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
