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The unnatural strength of the US Dollar …
The Euro trades the lowest its been in 18 months, the Yen drops on rumours of further BOJ interventions even as the technical analysis guys say the US Dollar could strengthen another 20% against the...
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Currency Wars
The G20 Finance Ministers meeting in Moscow last week ended with the proclamation that there would no currency wars. Historically when the G20 Finance ministers make public statements like this they...
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And so the currency wars …
Last month’s G20 finance ministers meeting in Moscow ended with the proclamation they would “refrain from competitive devaluation”. Well, someone should tell the left hand what the right hand is up...
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A new front in currency wars
The surprise news out of Cyprus last week certainly intensified dollar strength we’ve seen over the past month. The chart above shows the year to date performance of the US Dollar (USD, green area...
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