| Apr 9, 2015

Dollar firms above ¥120 line in Tokyo

The dollar was firmer above ¥120 in Tokyo trading Thursday, after the minutes of the U.S. Federal Reserve’s March policy-setting meeting strengthened the prospect of the Fed starting raising interest rates at some point this year. At 5 p.m., the dollar stood at ¥120.27-27, ...

| Apr 6, 2015

Dollar fall pauses around ¥119

The dollar moved tightly around ¥119 in Tokyo trading Monday, taking a breather from a nearly ¥1 dive overseas in the wake of a disappointing U.S. jobs report Friday. At 5 p.m., the dollar was at ¥118.98-99, down from ¥119.63-64 the same time Friday. ...

EU’s easy-money endgame

Mar 31, 2015

EU’s easy-money endgame

by Hans-werner Sinn

The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. Only one difference exists between the two episodes: In today’s crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone’s financial ...

Jan 1, 2015

Lithuania joins euro as tensions with Russia rise

Lithuania joined the euro zone at the stroke of midnight on Thursday, hoping to anchor itself in Europe as its former master Russia flexes its military muscle in the region. The first Soviet republic to declare independence, in 1990, Lithuania is the last of ...

Oct 9, 2014

Dovish Fed minutes reveal global slowdown worries

Federal Reserve officials stressed “patience” in waiting to raise interest rates, worrying about weaker foreign economic growth and the stronger dollar, minutes of their September policy meeting showed Wednesday. Participants at the Federal Open Market Committee meeting discussed their concerns about the stronger dollar ...

Sep 19, 2014

Dollar hits new six-year high above ¥109

The dollar jumped to a new six-year high above ¥109 in Tokyo trading on Friday as investors were relieved to learn that Scotland voted to remain in the United Kingdom. At 5 p.m., the dollar stood at ¥109.09-10, up from ¥108.54-55 at the same ...

Apr 7, 2014

Dollar easier near ¥103 in Tokyo

The dollar fell to levels slightly above ¥103 in Tokyo Monday, as stock markets in and outside Japan skidded after the announcement of U.S. jobs data on Friday. At 5 p.m., the dollar was quoted at ¥103.11-12, down from ¥103.¥90-90 at the same time ...