Recent Blog Posts
Corporate Profits Buoyed by Forex Gains
on May 23, 2007 in US USD Financial Times Forex Earnings Economic While the American economy is sputtering, US corporations are earnings record profits and stock market capitalization is soaring. These seemingly contradictory trends are being driven by the decline in the USD. Multinational corporations, especiall...
Pound and Euro move in lockstep
on May 23, 2007 in UK Euro Pound USD Economic In recent years, the British Pound and the Euro have begun to converge in value, so much so that both currencies have traded within 5% of each other for almost a year now. There are a couple of explanations for this trend. First, the relationship bet...
China Increases Yuan Trading Band
on May 23, 2007 in China USD Politics Forex China Increases Yuan Trading Band In a sop to western policymakers, China recently announced that it would widen the Chinese Yuan’s daily trading band, from .3% to .5%. In theory, this means the Yuan will now be permitted to fluctuate by up to .5%...
US Dollar Index update Oct.8
on Oct 7, 2007 in USD US dollar index Last Friday NFPwas very dollar bullish but the greenback ended the US trading session not far from Thursday levels at 78.2. The report showed that 89k jobs were actually created during the month of August (originally reported -4k jobs) and in Septemb...
US Dollar Index update Oct.8
on Oct 7, 2007 in USD US dollar index Last Friday NFPwas very dollar bullish but the greenback ended the US trading session not far from Thursday levels at 78.2. The report showed that 89k jobs were actually created during the month of August (originally reported -4k jobs) and in Septemb...