On 13 June, Japan’s yen slumped to ¥135.19 per dollar, breaking down through the historic low of ¥135.15 reached during Japan’s 2002 banking crisis and settling at its weakest value since 1998. It was the yen’s sixth consecutive day of losses, with the yen down 16 percent in value so far this year, making it...
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STRONG DOLLAR POSES DANGER TO GLOBAL ECONOMY
As the U.S. Federal Reserve keeps its interest rates near a 20-year high to combat persistent inflation, the dollar continues to sap value from other currencies and creates a danger for the global economy, The New York Times reported.
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DOLLAR’S STRENGTH OVERPOWERS ASIAN CURRENCIES
The Japanese yen fell below ¥160 to the dollar on this week’s opening trading day, and South Korea’s won recently dipped below 1,400, falling to its lowest mark in almost two years.
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YEN’S VALUE CRASHES TO 34-YEAR LOW
On 29 April, Japan’s yen fell to its lowest value since at least 1990, trading below ¥160 to the dollar, after the country’s central bank left its key interest rates untouched at zero and 0.10 percent. The yen has lost about a third of its value in the past three years.
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IF ONLY WOMEN WERE IN CHARGE THERE WOULD BE PEACE, NOT WAR? BS: VON DER LEYEN WANTS BRUSSELS TO RAMP UP WEAPONS PRODUCTION
Ursula von der Leyen, the head of the European Commission, said the EU needs to come together to ramp up weapon production because the world has become a much “rougher” place.
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INVESTORS DUMP DOLLARS AS INTEREST RATES LEVEL OFF
Investors are selling dollars at the fastest clip in the past 12 months on the belief that the U.S. Federal Reserve has stopped raising interest rates and will begin cutting them next year, the Financial Times reported.
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DOLLAR CLIMBS AS INVESTORS SEE HIGHER RATES AHEAD
Last week, the dollar rose to six-month highs against the euro, pound, and yen after U.S. Federal Reserve officials said the bank expects to keep interest rates higher longer than they had earlier predicted.
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DOLLAR’S VALUE SINKS TO 14-MONTH LOW; DEATH OF DOLLAR?
The dollar’s value sank to its lowest in 14 months against other major world currencies on 14 July, according to the U.S. Dollar Index.
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YEN’S VALUE SAGS AS CENTRAL BANK LEAVES POLICY UNCHANGED
On 9 April, the value of Japan’s yen slipped 1 percent against the dollar, falling as low as ¥133.4 after Kazuo Ueda, the Bank of Japan’s new governor, announced that the bank will maintain a -0.50-percent interest rate and continue to hold bond rates at rock bottom.
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SPOTLIGHT: BYE, BYE BUCKS—THE DEATH OF THE DOLLAR
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.