Japanese trade
Dollar’s Turn to Decline
July 25, 2012
Wednesday trading has seen a slight correction. The dollar has fallen 0.7% against the euro, which is back above $1.2100. The dollar also fell by 0.7% relative to the Swiss franc and is off 0.5% versus the Australian dollar, 0.4% against the loonie, and 0.3% vis-a-vis the kiwi. The dollar is 0.1% higher against the […] More
Focus Shifts to FOMC Meeting from Los Cabos Summit
June 20, 2012
The G20 summit in Mexico wound down with words of commitment from European delegates to fix their problems and preserve the common currency as well as expressions of support from other world leaders for efforts being taken. Typically, there was more talk than actual action. Attention next turns to today’s FOMC meeting and Chairman Bernanke’s […] More
Aid Tranche to Greece Still Not Approved
June 20, 2011
The meeting in Luxembourg of EU finance ministers postponed paying Greece EUR 12 billion, the next part of the EUR 110 billion package. They’ll try again in July but insist that Greek politicians must first legislate more austerity. Prime Minister Papandreou faces a confidence vote this week. All things considered, the euro’s overnight losses were […] More
