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| | | There is really nothing much to report today. Wall Street rose... a bit. The US dollar depreciated... more than a bit. There were positive reports out overnight. The third quarter reporting season is good. More than 86 per cent of companies in the S&P ... |
| | | | ... Plaza Accord I succeeded in rebalancing global trade imbalances anyway. Oh yes, Plaza Accord I succeeded in lifting the US dollar/yen exchange rate from 250 yen in the mid-1980s to around 80 yen by the mid-90s, but what did it achieve? That's a more ... |
| | | | Something out of the "new ordinary" happened overnight. Wall Street climbed at the same time that the US dollar exchange rate went up. My trusted data source - Bloomberg - reported that, "The dollar strengthened against 13 of 16 major counterparts ... |
| | | | ... overnight, with European equities markets strong, while Wall Street was flat to mixed. Commodities were lower and the US dollar rose. On the Sydney Futures Exchange at 0702 AEDT, the December share price index futures contract was four points higher ... |
| | | | ... big currency plays and that got unstitched last night by the Chinese increasing interest rates and strengthening the US dollar." On the local market, heavyweight BHP Billiton was down 56 cents, or 1.36 per cent to $40.60, while rival Rio Tinto lost $2.14 ... |
| | | | ... Huh? Yes, you read correctly. Because every slowing stat, each data disappointment increase the likelihood that the US dollar printing press would be up and running very, very soon. US industrial production fell by 0.2 per cent in the month of September ... |
| | | | ... balance sheets when compared with their Western counterparts. Finally, following the de-pegging of the RMB from the US dollar, the Chinese currency is expected to appreciate over the short term, strengthening returns for foreign investors. |
| | | | ... just last week, the mere speculation alone that QE2 is sailing sail in this troubled financial waters has weakened the US dollar - that is, it made the greenback more competitive. It fell to its lowest level since the start of the year against the euro ... |
| | | | ... was holding above 99 US cents, but was off its highs of Thursday night when it appeared about to reach parity with the US dollar. On the Sydney Futures Exchange at 0735 AEDT, the December share price index futures contract was 10 points lower at 4,700 ... |
| | | | Don't fight the Fed! This adage has been with us for some time now and it's back again doing the rounds in the financial markets. Yes, Virginia. The chorus for QE2 keeps growing louder that Wall Street - and the world - appears to be just waiting for ... |
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