Archive for September 15th, 2009

Larry's Blog

Threat of U.S. Protectionism Hits The News

September 15, 2009

Today’s press attributes yesterday’s firmer dollar and decline in Asian stocks and commodities to fears of a trade war.  The role of beggar-thy-neighbor policies in the 1930’s — that is, mutually retaliatory barriers to trade flows — is legendary.  Against that backdrop, Beijing’s threat to respond in equal kind to the U.S. 35% tariff on […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Dollar Slightly Firmer

September 15, 2009

The dollar has gained 0.5% against sterling, 0.3% against the yen, Canadian dollar, Swiss franc and Aussie dollar, and by 0.1% against the euro.  Kiwi is steady. The South African rand advanced to a 13-month high of 7.386 per dollar after the finance minister said the government did not plan to manipulate the currency. Stocks […] More