Thursday, March 13, 2008
video forex: The Consumer Price Index
A lesson on the consumer price index (CPI) for traders and investors in the stock, futures, and forex markets.
Forex moves reflect dollar weakness
Japanese Finance Minister Fukushiro Nukaga said on Thursday that recent dollar/yen exchange rate moves were a reflection of dollar weakness rather than yen strength.
"I won't comment on specific forex levels, but we will continue to watch currency market developments carefully," Nukaga told reporters after the dollar fell to within a hair of the psychologically important level of 100 yen.
Nukaga added that the Group of Seven industrial nations shared the view that excessive forex moves were undesirable for economic growth. (Reporting by Leika Kihara)
Forex podcast by John Jagerson
"I won't comment on specific forex levels, but we will continue to watch currency market developments carefully," Nukaga told reporters after the dollar fell to within a hair of the psychologically important level of 100 yen.
Nukaga added that the Group of Seven industrial nations shared the view that excessive forex moves were undesirable for economic growth. (Reporting by Leika Kihara)
Forex podcast by John Jagerson
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