Jul 20, 2007 / 9:07am / in Americas, Foreign Exchange, General, International Investing
John Crudele’s theory is that Bernanke is focused on the strength of the USD and using inflation as cover to take rate cuts off the table. Until Americans go on vacation they are typically unaware of shifts in currency strengths.
Jun 21, 2007 / 4:22am / in Asia, Currency, Foreign Exchange, General, International Investing
The chairman of the Japan Chamber of Commerce and Industry, Nobuo Yamaguchi, yesterday recommended "yen-buying intervention by the Ministry of Finance" to stop the yen's slide against virtually all other currencies.
Japanese corporations are not normally a hotbed of activism in terms of boosting the yen.
May 29, 2007 / 8:40am / in Europe, Foreign Exchange, General, housing bubble, International Investing
From the WSJ:
Tamas Bencze got a rude surprise when he ripped open his mortgage statement last summer. In just two months, the payment on his three-bedroom home here had jumped 10%.
"My wife looked at our mortgage and asked me, 'What's happening?'" he says.
Oct 4, 2006 / 9:15am / in Europe, Foreign Exchange, General, International Investing