Insights

 

FX Outlook
June 15, 2010 Posted by
On June 2, Japan's prime minister abruptly resigned. And, yes, we should worry. However, nobody — at least nobody in the financial markets — seemed to care. What's with that?
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FX Outlook
April 27, 2010 Posted by
A long time ago in a country far, far away I lived and worked amongst a people who were genuinely friendly, took pride in their education, and were skilled, productive and loyal workers.
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FX Outlook
March 16, 2010 Posted by
All governments regulate foreign trade. The extent to which they do so is a matter of great controversy and debate. Advocates of protectionism focus on the cost advantages of cheap labor in less developed countries, infant domestic industries needing protection
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FX Outlook
January 19, 2010 Posted by

On January 7 of this year, the day after his appointment as Japan's finance minister, Naoto Kan stated that there was a need for the yen to weaken in order to help Japanese exporters. The markets did not treat this statement lightly, for it effectively reverses the long-held position of his predecessor, Hirohisa Fujii, of allowing the value of the yen to be determined solely by market forces. Fujii-san had resigned earlier in the week due to ill health. Kan explained that he "must work with the Bank of Japan to bring the yen to appropriate levels given its impact on the economy" and that "many Japanese firms favor yen at around ¥95." The currency markets were caught completely off guard by his comments and responded by selling the yen in a panic, driving it lower by more than half a yen vs. the dollar -ultimately to ¥93.77, its lowest level versus the dollar since last August.

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FX Outlook
December 01, 2009 Posted by

 I was a bit surprised last week when the Mexican peso appeared on the Bloomberg radar screen, that screen that 170,000 of us around the world have in front of us for much of our working day. The blip wandered

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FX Outlook
October 13, 2009 Posted by
Even with 30 years of navigating the currency markets as trader, advisor and analyst, I still argue that consistent success in predicting currency rate moves is difficult to achieve.
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FX Outlook
August 25, 2009 Posted by
September 2009 could turn out to be a very exciting month for the currency markets!
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FX Outlook
June 30, 2009 Posted by
An exporter of fine California wines recently complained to me that the strong dollar early this year hurt her profit margin.
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