Plaza Accord

Decline Continues in Equity Markets

February 26, 2020

The dollar climbed overnight by 0.6% against sterling, 0.5% relative to the Australian dollar, 0.3% versus the yen and peso, 0.2% vis-a-vis the loonie, and 0.1% against the yuan. The dollar also extended its uptrend against several developing country currencies like the South African rand and South Korean won. Alternatively, the dollar dipped 0.2% against […] More

Looking Back at the Plaza and Louvre Currency Accords

October 21, 2010

A meeting of G20 finance ministers this Friday and Saturday in South Korea has conjured up special interest in the Plaza Accord of September 22, 1985 and the Louvre Accord of February 22, 1987.  Both agreements constituted efforts to shift currency market momentum. The dollar became very overvalued in the first half of the 1980s […] More