Deeper Analysis
April in Figures
April 30, 2013
The yen weakened additionally in April, but the dollar failed to catapult above the key JPY 100 level. The dollar fell against European currencies, most commodity-sensitive currencies and the Chinese yuan. A more aggressive-than-anticipated Bank of Japan stimulus announced shortly after the start of the month was meant in large part to depress longer-term interest […] More
Deeper Analysis
Disinflation
April 30, 2013
U.S. housing prices crested just about seven years ago in the spring of 2006. The sub-prime mortgage loan crisis struck in the summer of 2007, and much of the world slipped into an awful recession in 2008. By 2009, deficit government spending swelled, and nominal central bank interest rates were approaching zero in the who’s […] More
New Overnight Developments Abroad - Daily Update
Month-End Data Deluge
April 30, 2013
The dollar hasn’t reacted much to a ton of data released on the final day of April. The greenback fell 0.4% against the yen and 0.1% versus the Swiss franc but is up by 0.2% relative to the euro and 0.1% vis-a-vis the Canadian, Australian, and New Zealand dollars. Sterling and the yuan are unchanged […] More
