New Way to Sort Money Lengthens Lifespan of Bills
Paper money will last 10 months longer before it wears out, thanks to a new and faster method of sorting currency that doesn't automatically destroy bills processed face-side down.
Vital Signs: Concerns Weigh on Euro
The currency settled at $1.278 Friday, a slight gain for the day. But that was down more than 3.5% over the past three weeks and nearly 10% during the past year.
Are concerns over a Greek Euro exit overdone ?
The press and the market continues to speculate about the negative impact of an exit of Greece from the Euro (expectations seems to be over 50%) and both the financial consequences of such an exit on the EZ (indeed everyone else) and, in particular, on the adverse contagion issues in respect of the other PIIGS and core EZ...
Secondary Sources: Job and Education Chart, Big Business, China Dollar Shortage
A roundup of economic news from around the Web.
As Aussie Falls, Australian Deals Get an Edge
The Australian dollar is buckling under the strains of a slowing domestic economy and Europe’s deepening debt crisis, making the country cheaper for foreign companies and overseas investors looking to buy Down Under.
Economists: Chinese Currency Significantly Undervalued
Last week, a Chinese central bank official said the yuan's exchange rate with the dollar "isn't clearly undervalued." Economists in the latest Wall Street Journal forecasting survey beg to differ.
Secondary Sources: Jobs Gap, Yuan Flexibility, Consistent Bernanke
A roundup of economic news from around the Web.
Record Appetite for Dim Sum Bonds
Slowdown? What slowdown? At the end of the year, the unstoppable offshore yuan bond market appeared to finally be coming to a halt as investors enthusiasm waned for the assets on signs the appreciation of the Chinese currency wasn’t a one-way bet anymore. Dim sum bond issuance slowed in the fourth quarter by 26% on-quarter,...
Global Central Banks Boost Dollar Holdings, Cut Euro Stores
Central banks across the world boosted their share of dollar-denominated holdings in the fourth quarter of last year while cutting the amount of euros in their portfolios, data from the IMF showed.
The Yen’s Looming Day of Reckoning
The Yen’s Looming Day of Reckoning By Andy Xie Caxen, 03.23.2012 ~~~ Japan looks set to depress the value of the yen to boost trade – how China must brace itself for the impact Japan is on an unsustainable path of a strong yen and deflation. The unprofitability of Japan’s major exporters and emerging trade...
ECB Overnight Deposits Surge, but Does It Signal Stress?
The level of overnight deposits at the European Central Bank seems to set fresh records every day, but should anyone really care?
Yuan lower YTD – PBoC talk about a “more balanced” rate
Hi there, Japanese January core machinery sales rose by +3.4%, much higher than the +1.6% forecast and a turnaround from the decline by -7.1% in December. Overseas orders rose by +20.1% MoM, much higher than the +5.6% in December. A lower Yen will help further; The Chinese PBoC lowered its daily fix for the Yuan...
