Tuesday, February 14, 2012

US Dollar Jumps to 3-Month High Against the Yen

Both the Yen and the Euro are looking weaker these days.

The dollar is at a three-month high against the Japanese yen after the Bank of Japan said it would increase its economic stimulus program. Traders also bought the dollar after euro zone finance ministers canceled a meeting to discuss giving Greece a second bailout.  The Bank of Japan said it would buy more government bonds while keeping short-term interest rates close to zero to boost the country’s economy. The dollar rose to 78.47 yen in late trading Tuesday from 77.61 yen late Monday. It rose as high as 78.51 yen, its highest point since Nov. 1.

Dollar jumps to 3-month high against yen; rises against euro - The Washington Post

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.