currency intervention

A Weak Dollar, Strong Yen, and Intervention

March 21, 2011

The dollar posted very similar average trade-weighted values in the 1990s and 2000s, but it is currently about 22% weaker than those mean decade values.  Last week’s yen peak of 76.25 per dollar was the Japanese currency’s strongest ever, and dollar came within 2% of a 10-year low against the euro.  The trade-weighted yen is […] More

Softer Dollar With Few New Data Releases

September 17, 2010

The greenback lost 1.0% and 0.9% against the New Zealand and Australian dollars.  The AUD touched a new 2010 high of USD 0.9472.  These commodity-sensitive currencies got a lift from net overnight gains of 0.8% in oil and 0.7% in gold.  The latter hit a new record high of $1284.40 per ounce, while oil is […] More