Business Jan 24, 2001

Yen slump will not match Asia's 1997 crisis

The 1997 Asian currency crisis triggered by speculative attacks on the Thai baht prompted Thailand, Indonesia and South Korea to switch to floating exchange rates for their currencies. The beleaguered Asian currencies then started to climb back to their precrisis levels as their economies recovered. Since ...

Business Dec 15, 2000

Euro heats up as U.S., dollar cool down

The euro's long bear run against the dollar has run its course amid concern over slower U.S. economic growth. The long-battered euro rose to $0.8975 on Friday in London to mark its highest level since Sept. 22, when the European Central Bank launched coordinated intervention ...

Business Sep 20, 2000

Only euro-zone exporters bask in unit's fall

Pessimism abounds over the prospects of the European Central Bank intervening to keep the euro from falling further. A key downside factor for the unit is a flight of money from Europe to the U.S. European firms have jumped on the bandwagon of buying into U.S. ...

Business Aug 23, 2000

BOJ policy options seen in positive light

Although it still remains anybody's guess whether the timing of the latest shift in monetary policy was correct, the effect could be that market participants now see the Bank of Japan's policy options in a more positive light. The BOJ defied political and industry ...

Business Jul 22, 2000

Attention turns to long-term interest rates

Although the Bank of Japan has left its "zero-interest-rate" policy intact for now, interest rates remain a main factor in the marketplace. Attention is focusing on the direction long-term interest rates will take. While the central bank effectively controls short-term rates through its open market ...