Archive for January 5th, 2009

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