Currency Markets in the News
Long-Term Trend of the Dollar
January 5, 2009
In the 36 years between end-1972 and end-2008, the dollar depreciated 3-1/3% per annum against the Japanese yen and 2-1/4% against the D-mark. Over the 26 years prior to the launch of the euro (which fused the mark to other continental currencies), the dollar fell 2.5% per annum on balance against Germany’s currency. Among the […] More
Bonds and Stocks
Over-Analyzing Market Behavior
January 5, 2009
Because it’s expected of them, market experts feel compelled to explain every wiggle in price. But sometimes no informed answer really exists, other than it’s the nature of market prices to bounce around even as they trend from level to level. Factors are rarely aligned entirely in one direction or the other, so a plausible […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: CPI Data Augment Deflation Fears
January 5, 2009
The dollar rose 1.7% against the Swiss franc, 1.5% against the euro and 1.1% versus the yen but is little changed otherwise. In Asian stock markets, many of which opened for the first time this year, a fairly strong rally saw the Nikkei climb 2.1% and bourses advance 3.6% in China, 3.5% in Hong Kong, […] More
