Currency Markets in the News
Two Currency Milestones Today
September 10, 2008
The euro dropped under $1.4000 for the first time since September 20, 2007, while the Australian dollar became weaker than $0.8000 for the first time since March 20, 2007. The euro and Australian dollar each peaked on July 15th at $1.6038 and $0.9849, respectively. Their average levels this decade, that is from the end of […] More
Larry's Blog
9/11: How the Global Economy Looked When The Planes Attacked
September 10, 2008
Economic activity had been slowing since mid-2000, not only in the United States but across a broad range of nations much as one observes some seven years after the attacks of September 11, 2001. A slowdown in U.S. GDP growth had exerted considerable drag on other industrial nations and most developing economies, weakening exports, investment […] More
Currency Markets in the News
The Seven Really Big Dollar Swings
September 10, 2008
The bilateral dollar relationship that best epitomizes U.S. currency sentiment was tracked by the Deutsche mark until 1998 and the euro since 1999. Since the late 1960’s, there have been only seven really big swings in this relationship. The dollar came under intensifying selling pressure in the latter stages of of the fixed dollar rate […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Financial Jitters Weigh on Equities
September 10, 2008
Stocks fell by 3.8% in Indonesia, 2.4% in Hong Kong, 1.6% in India, 1.5% in Australia,1.2% in Thailand, 1.3% in the U.K., 0.7% in Germany, 0.6% in France and 0.4% in Japan. Intense concerns persist about Lehman. The dollar rose 0.6% against the yen, 0.4% against the Swiss franc, and 0.2% against sterling and the […] More
