Today, the International Monetary Fund released data pertaining to global foreign reserves, as held by central banks. According to this report, the share of reserves held in the US Dollar rose to 62.1% in the second quarter from 61.7% in the previous one. This increase came largely at the expense of the Euro – its [...]

After months, if not years, of talk and posturing, US lawmakers decided to “get tough” with China. The congress passed a legislation which is meant to encourage China to revalue its currency, or let it appreciate more. If passed into law, this legislation would allow US companies to file trade disputes against products that maybe [...]

It has been about two weeks since the Bank of Japan intervened in currency markets, to put a brake on the charging Yen. The target was the USD-JPY exchange rate and they managed to push it up to almost 86.00 from about 83.00. Since that time, the Japanese authorities have been vocal about doing it again, [...]