Monthly Archives: September 2010
Currency Intervention and its Impact
Recently, Japan intervened in the currency market for the first time in six years. Bank of Japan, the Japanese central bank, sold around yen 2 trillion in the currency market to stem an increase in the currency. The logic behind … Continue reading
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German Business Confidence Rises for the month of September
German business confidence showed an unexpected increase for the month of September. The German business confidence increased to its highest level in over three years, indicating that companies in euro zone’s largest economy expect to remain robust even as the … Continue reading
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Pressure Increases on China to Raise the Value of Yuan
Since the beginning this year, China has been facing intense pressure from the U.S. to raise the value of the Yuan and to adopt a flexible exchange policy. The U.S. has been pressing China as it believes that an undervalued … Continue reading
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Latest Economic Data Suggests that U.S. Economic Recovery is on Track
The U.S. Commerce Department, Friday, reported some positive economic data. The Commerce Department reported that U.S. wholesale inventories increased by 1.3% for the month of July. This was biggest rise for any month since July 2008. The data came in … Continue reading
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