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Dollar Supremacy To Be History
We who follow this sort of economic news see a continuing stream of such stories. Yesterday, I watched as Larry Kudlow of CNBC, a cable business channel, got irate. What caused his ire? A guest, a responsible... The Global Common Currency, to avoid another Financial Crisis
By, Uwe Paschen. The Global recession could have been avoided even with the latest financial scandals and the US mortgage crisis would we have had a common global currency. Some of the hard ship that companies do... Yen at 13 year high, Nikkei at 26 year low, Japan headed for recession
The stock markets in Japan took a severe hit today as the yen soared to record levels against the US dollar and the British pound.The yen hit a 13 year high, while the Nikkei closed at a 26 year low amidst...Nikkei plunges to 26-year low
As the global recession continues, Nikkei Index expresses the mistrust in the volatile financial markets. It falls 20% to a 26 year low. "Elsewhere in Asia markets in Hong Kong, Australia and the...Risk aversion sends yen to 13-year high versus U.S. dollar
The pound has fallen to a 5-year low against the dollar, and the euro continues to fall as well, as currency speculators become nervous. But the yen has been the biggest beneficiary of the nervousness."Mounting...Asian markets continue to slide; Nikkei down 414pts
Asian markets are once again down deep into red despite some bounce back on the Wall Street. Asian stock markets suffered fresh losses on Friday as fears grew that the financial crisis is taking a heavy toll on corporate earnings in the region. " ASIAN stock markets...Global equity market sell off deepens
The growing economic woes accelerating around the world has forced economic activity weakening across the world and even European stock markets have plunged. London's FTSE 100 Index opened more than 5 per cent down, on top of a fall of more than 7 per cent...Toyota profits fall in first-quarter
Between US economic crisis and a strong Yen, car maker Toyota see its profits fall 28% during first quarter. " Thu, 07 Aug 2008 14:09:46 GMT Toyota announces a 28.1% drop in its first-quarter profits, as...Japan estimates subprime losses at $8 billion
Impact of US Sub Prime crisis have been felt not only in USA but even in far flung areas. Asian economies dependent on US business have been particularly affected outside USA. a latest data released have revealed that Japanese banks are saddled with $8 billion in... Iran No Longer Accepts US Dollars for Oil
As fears grow that both China, with its massive foreign currency reserves, and the Middle Eeastern oil states will move from the dolalr to the euro as their favored international currency, Iran has announced that...
created by Dave Keating | 1 year ago | updated 1 year ago
869 views | 32 recommendations | 8 comments
869 views | 32 recommendations | 8 comments
Japanese money grows in the sky, mailboxes
The AFP reports:
"Residents of a Tokyo apartment building are baffled after a total of 1.81 million yen (15,210 dollars) was found in 18 mailboxes by Saturday, a police spokesman said ... Since June, dozens of... Net Speculative Yen Shorts Hit Record High
According to the Commitment of Traders report, the number of net speculative Yen shorts in the currency futures market has reached another record high as of last Tuesday at 164860 contracts. The ratio between net longs and shorts has also decreased somewhat. So........Will Yen Weakness Be A Concern In G7 Meeting?
USD/JPY has been quite volatile today with talk swirling in the market about whether recent Yen weakness will be discussed at the G7 meeting next week. Japan's Ministry of Finance Watanabe said today that he does....US Dollar Reaches 13-Month High Against the Japanese Yen
USD/JPY is now hovering at a 13-month high, after surpassing the 120.00 level yesterday. Note that the forex market is currently well short of the Japanese yen, as the majority are not expecting the.....Japan's Tankan Sentiment Goes Up As Expected
The Bank Of Japan Tankan survey came out in line with expectations, and shows a very moderate improvement in corporate sentiment among big manufacturers, likely supported by the continued strength of exports, production and corporate earnings. The labor market is still tight,...
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