In the currency wars the yen and pound resume their fall
The Japanese yen resumes its decline as Prime Minister Shinzo Abe looks close to making a choice for the new head of the Bank of Japan, and the British pound picks up speed in its drop
The growing split between the direction of French and German economies endangers euro
Continued signs today that the French and German economies are headed in opposing directions. The core of the EuroZone looks to be split with France now looking much more like Spain and Italy than like Germany.
The pound falls–is this the next trade in the currency wars?
Is sterling next up in the currency wars? The pound hit a new 7-month low against the dollar today. The biggest driver comes from a change at the top of the Bank of England where Mark Carney will be more willing to tolerate higher inflation than his predecessor
Yen resumes its decline after a toothless G20 announcement
The New York stock markets are closed today but there was big action in Tokyo overnight. The Japanese yen resumed its decline, falling 0.5% against the U.S. dollar to 93.92 to the dollar. Japanese stocks moved up in reaction with the Nikkei 225 Index gaining 2.09%
Saturday Night Quarterback says, For the week ahead expect…
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...Japan puts its weak yen policy on hold–for a few days
As expected, the Bank of Japan decided to lie low today ahead of tomorrow’s meeting of leaders of the G20 economies. Japan’s central bank kept interest rate policy steady, didn’t increase its asset purchases, and didn’t pour any verbiage on the currency wars fire.
Japan’s Aso talks up the yen before next week’s meeting of G20 leaders
Traders are using comments by Japanese Finance Minister Taro Aso that the yen has fallen too fast as a reason to take profits in Japanese stocks today. The target of Aso’s comments is next week’s meeting of the leaders of the G20
It’s not a dollar world anymore–your portfolio needs a currency strategy and here’s how to build one for 2012 and 2013
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...Inflation in China continues to accelerate, hits 4.4% in October
The inflation numbers released today show consumer prices moving up to 4.4% for October. Despite all the increases in reserve requirements, despite all the tighter rules for lending and on mortgages, despite the first increase in China’s benchmark interest rates since 2007, inflation continues to accelerate in China
China announces bigger trade surplus on eve of G20 meeting
A day before the leaders of the G20 economies are set to meet in Seoul on November 11 and 12, China reported a huge and much larger than expected $27.1 billion trade surplus for October. That’s going to make what were already likely to be heated