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The US dollar lost 2.15% against the Japanese yen in the space of 15 minutes after the Bank of Japan (BoJ) announcement on interest rates. The spin-off from this turmoil provoked a fall in the S&P 500 of 0.7% within the same space of time;...
After years of a brutal recession, things are finally turning around in America. Unemployment’s down to pre-recession levels, the stock and housing markets are bouncing back, and American workers are even getting pay raises. Don’t get too comfortable though because there are various signs hinting that...
This month marks the 70th anniversary of the Bretton Woods Conference, and the introduction of a new global monetary system. This conference contained representatives from 44 different nations, jointly seeking to establish means of global trade, financing and inflation control. The agreement that was finally reached...
