Thursday, December 18, 2008


This is a vertical drop on the USDX chart; which seems to have accelerated after the FED rate cut announcement.
The currency charts below are 3month and 1year charts of the respective currencies, with the 1 year chart commencing mid December 2007
The charts are from the CNBC Currency webpage:
The Japanese Yen strengthened consistently through 2008, as carry trade unwinding and the sell off across asset classes intensified.

The EURO and the Swiss Franc (CHF) have rebounded strongly this past fortnight. Is the ECB going to be next in line with aggressive rate cuts? Also now that the Fed is ready to buy anything and everything, (by doing whatever it takes to sort things out) is the ECB too going to get into the act?

The British Pound (GBP) has struggled this year, and as the UK housing market continues to deteriorate; 2009 is going to be particularly difficult for the British economy.

1 comment:

Anonymous said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

I will keep visiting this blog very often.