Archive for December 26th, 2012

Deeper Analysis

Trade-Weighted Movements in the Dollar, Euro, Pound and Yen

December 26, 2012

Using period averages, I compared trade-weighted currency indices this month to December 2011, December 2007 and December 2002 to gauge how the dollar, euro, sterling and yen had changed value over the past year, past five years, and past ten years. Net change in the U.S. dollar amounted to less than 1.0% since end-2011 and […] More

New Overnight Developments Abroad - Daily Update

Falling Yen Trend Extended

December 26, 2012

Much of Europe remains shut for holiday, including Britain, Switzerland, Germany, Italy and Greece.  Canada, New Zealand and Australia are also closed for Boxing Day. There were a number of Japanese developments. Shinzo Abe was chosen prime minister by the newly elected parliaments.  Since Koizumi, who served several years through September 2006, Japan has had […] More