06 May '11, 10am

The Importance of Staying Strong on the Dollar #tcot #money

The Importance of Staying Strong on the Dollar #tcot #money

. Over the last two months, the US Dollar has declined against the Yen from JPY81.76 on March 1, 2011 to JPY81.15 on May 1 or -.7%. On March 11 you may remember, Japan suffered a devastating earthquake and tsunami which immediately created havoc in Japan’s financial markets. The Yen jumped to JPY85.24 on April 7, but returned to the pre-earthquake level by April 30, an indication that Japan’s economic institutions were stabilizing. But, from the point of view of AOLnews, that 5% in three weeks decline was news! The US Dollar is falling! To be fair, the US Dollar has weakened against the Euro during this time period (Fig 1), having fallen 7% over two months. The decline is real, even if the showboating is ridiculous. (Oanda) Let’s take a look at what AOLnews said and what I would have preferred to hear.

Full article: http://www.triplepundit.com/2011/05/importance-staying-st...

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