…had increased from 86.24 (index set at 100 for 1973) to 109.6 by September 1982. Few at the time would have expected the currency to continue to appreciate through March…

…China and Japan snapped up dollar-denominated assets during massive intervention campaigns to weaken their currencies against the U.S. currency. The key here is “make up for the shortfall in their…

…President who understood the virtue of fiscal responsibility. Since the Reagan Administration did everything it could to undermine the Hamilton legacy, why not remove Hamilton’s image from the U.S. currency?…

…amount of imported goods in their shopping carts all through last year. As it usually takes a while for the effects of a rising currency to fully trickle through into…

…UPDATE: Karsten reports on the just-released data describing Japan’s interventions in the currency markets over the past month. Japan was apparently still buying lots and lots of dollars in March……

…most visible sign of the underlying strain in the US economy is the recent reversal of the formerly espoused strong dollar policy and the subsequent decline in the currency’s external…

…FRANULOVICH, SENIOR CURRENCY STRATEGIST, WESTPAC BANKING CORP, NEW YORK: “Looks like the Fed is no longer offering an optimistic outlook on the labor market. Recall that in the last statement…

…the fastest growing export market for the US is China. Note that China has kept its currency pegged to the dollar (much to some people’s chagrin), so this data suggests…

…to your head?) This week’s Buttonwood column in The Economist elaborates on the point that I made yesterday about the self-contradictory G-7 communiqué regarding currency interventions, starting with this: A…

…keep its currency weak, while the US and EU want it to float against the dollar so the yen will strengthen. What I find interesting is that this statement perfectly…