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The yen last fetched 153.84 per dollar after touching a three week low against the dollar on Monday. ... the euro stood at $1.0490, on course for a near 5% drop in 2024. ... Sterling was up 0.1% ...
The Japanese yen slipped to 151.58 per dollar but with its 2.1% gain this week the currency has recovered losses suffered since the U.S. election and was heading for its best weekly showing in ...
The euro zone has been a particular target of Trump's tariff threats, and the euro was down slightly at $1.03795, after jumping to a one-week high of $1.0437 on Monday.
The steady climb in yields kept the dollar index up at 108.870, having risen almost 0.9% last week to a top of 109.540. The euro was hanging on at $1.0315, uncomfortably close to last week's 26 ...
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The 'second generation' of models of currency crises starts with the paper of Obstfeld (1986). [10] In these models, doubts about whether the government is willing to maintain its exchange rate peg lead to multiple equilibria, suggesting that self-fulfilling prophecies may be possible.
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The U.S. dollar edged up to 157.89 Japanese yen from 157.48 yen. The euro cost $1.0246, down from $1.0245. Bitcoin is bouncing back this week after falling nearly 6% in the past month.