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  • Current account deficits start to matter

    The US Fed’s decision to keep cutting interest rates is causing a major change in Asian investment behaviour. This will slow world economic growth quite significantly, and is bad news for chemical industry sales. It also means that the informal Bretton Woods II (BWII ) system of currency management has...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-31-2008
  • The US$ tumbles

    The US$ took a major tumble yesterday, as traders decided the Bear Stearns news meant there was little risk of central bank intervention. Against the Japanese yen it fell almost 2.5% during the day, closing at ¥97.35, as shown on the chart. It also fell 2% against the Swiss Franc to SwFr 0.98, and continues...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-18-2008
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