The Yen has lost ground to every other currency in the G-10 except the Dollar, since March of 2009. The BOJ has always favored a weak currency as it supports their large export business which accounts for over 20% of their GDP.
Category Archives: General Forex
Federal Reserve Chairman Makes Rare Comments On US Dollar Value
Traditionally, the US Federal Reserve doesn’t often comment on the value of the US currency abroad.
Analysis of All Currencies Down Under
The Aussie continues to strengthen against the Greenback and is now retesting short term resistance at .9343.
FOREX: Last Week In Perspective
Last week was a second straight good one for the world’s major stock markets with all indices gaining ground over the course of the week, except for the Nikkei. In Europe, the FTSE put on almost 3% of its value, closing at 296.4; the CAC was up by 2.66%, closing at 3806.0; the Dax closed up by 3.6% at 5686.8.
Dollar Ends Mixed Across G-10 Commodity Currencies
The Dollar ended the week mixed across the G-10 with commodity currencies advancing while the remaining G-10 currencies suffered minor losses. Global Equity Markets finished the week in positive territory although Futures are pointing towards a slightly lower open.