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
