Euro climbs against both the dollar and the yen, and looks set to continue that trend
The European Central Bank clobbered the U.S. dollar and the Japanese yen today when it left EuroZone interest rates unchanged at 0.75%. In trading today the euro climbed 1.4% against the U.S. dollar to $1.3252, that’s the highest level since July 5, 2011. The euro also rose 1.9% against the yen. The yen fell against the dollar as well to 88.41, the low since July 2010.
What does this mean? Money is illegally flowing out of China and the rate is picking up
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Euro moves up again on good news on Greece from S&P and the ECB
The euro climbed to $1.324 today. That’s the highest level against the U.S. dollar since May. The euro also hit a 16-month high against the yen today. Last night Standard & Poor’s delivered a six-notch credit upgrade to Greece. And the European Central Bank announced that it would again accept Greek debt as collateral for commercial banks that want to borrow from the central bank.
The big effects of a stronger euro and a weaker yen/dollar will be felt in emerging stock markets such as China and Brazil
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...After establishing support at $1.20, a rallying euro is driving this market upwards–the level to watch is $1.25, traders are saying
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Expect the euro debt crisis to push up revenue and profits at Euro exporters–here are 3 early picks
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I’m not lovin’ McDonald’s earnings–but the company continues to put distance between itself and the competition (and the shares pay 3%)
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So far earnings season is saying “Go domestic and avoid the effects of a rising dollar” for the rest of 2012
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Thanks to the euro debt crisis, the U.S. dollar gets 10 more years as best global currency
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Would the breakup of the euro put us on the path to the end of paper money?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Faster than expected, here comes the yuan–and I’ve got some picks to help you to profit from the rise of China’s currency
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