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The dollar fell versus the Japanese yen and Asia stocks jumped. The dollar tumbled after the Bank of Japan lifted its assessment of the economy, but cut growth and inflation views. The dollar had already been pushed lower after Federal Reserve Chairman Ben Bernanke said the central bank won’t be in a hurry to raise short-term interest rates in a speech late Wednesday.
Every production phase or civilization or other human invention goes through a so called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such […]
Vice Chair Richard H. Clarida At the C. Peter McColough Series on International Economics Council on Foreign Relations, New York, New York
Ukraine hits Euro The euro slumped against the dollar on Monday after Ukraine crisis intensifies. The euro corrected from the opening high at 1.3792 to hit the daily low in the US trading session at […]
