Qaddafi
Market Attention on Japan and Libya
April 11, 2011
Northeast Japan was rocked by yet another 7.1 magnitude aftershock followed by new tsunami warnings. Qaddafi reportedly agreed to a cease fire proposal made by the African Union, but doubts persist that the civil war will really end in Libya. After a quarterly meeting of Bank of Japan branch managers, the assessment was downgraded for […] More
Dollar Down Despite Concern over Libya
February 23, 2011
Libya’s turmoil, where Qaddafi clings to power, should help the dollar in two ways: by spawning generalized flight to the safety of Treasury securities and by raising concern about Euroland’s troubled southern tier, which imports most of Libya’s oil exports. Nonetheless, the dollar fell overnight by 0.7% against sterling, 0.6% versus the euro, 0.5% against […] More
