Today's Currency Bloodbath
This is the effect that increased worries over a weaker economy in the country that uses the USD as currency can have on exchange rates (In addition to the similar movements in recent months).....
Euro, Swedish Krona-Down 4% against the Yen and 2% against the USD
Canadian Dollar-Down 4.5% against the Yen and 2.5% against the USD
Mexican Peso, Australian Dollar, New Zealand Dollar-Down 5% against the Yen and 3% Against the USD
Norwegian Krone-Down 5.5% against the Yen and 3.5% against the USD
U.K. Pound-Down 6% against the Yen and 4% against the USD
South African Rand-Down 8% against the Yen and 6% against the USD
Brazilian Real-Down 9% against the Yen and 7% against the USD.
South Korean Won-Down 9.5% against the Yen and 7.5% against the USD.
Source (I've rounded to half a percentage points)
Euro, Swedish Krona-Down 4% against the Yen and 2% against the USD
Canadian Dollar-Down 4.5% against the Yen and 2.5% against the USD
Mexican Peso, Australian Dollar, New Zealand Dollar-Down 5% against the Yen and 3% Against the USD
Norwegian Krone-Down 5.5% against the Yen and 3.5% against the USD
U.K. Pound-Down 6% against the Yen and 4% against the USD
South African Rand-Down 8% against the Yen and 6% against the USD
Brazilian Real-Down 9% against the Yen and 7% against the USD.
South Korean Won-Down 9.5% against the Yen and 7.5% against the USD.
Source (I've rounded to half a percentage points)
posted by stefankarlsson at 10:56 PM
1 Comments:
Hi, I've been reading your blog for a couple of months now and I think it's of very high standard, so please keep up the good work! I think it has a very good signal to (non)noise ratio :)
You say that the current USD run on the SEK is because of central bank intervention. What do you expect will happen when the interventions are over?
Also, some say the current run is because US investors are withdrawing their positions from the rest of the world. Do you agree on that too?
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