current account imbalance Archives - ONE-TWENTY TWO: Trading Financial Markets

Concerns Over Strong Yen Add to Potential for Dollar Relief Rally

September 28, 2009September 28, 2009 by Dr. Duru

I suggested on Friday that old mercantile forces would start to gripe if the Japanese yen continued to rise too far. Sure enough, Reuters reports this morning that the Japanese Finance Minister, Hirohisa Fujii, is backing away from earlier remarks he has made essentially welcoming a stronger currency. Fuji even went so far as to … Read more

Bank of England Governor Mervyn King Confirms Weak Pound Strategy

September 24, 2009September 24, 2009 by Dr. Duru

“That rebalancing of the UK economy that I have been talking about for about 10 years, is very necessary. I think the fall in the exchange rate that we have seen will be helpful to that process but there’s no doubt that what we need to see now is a shift of resources into net … Read more