Tag: tsunami

Dollar Falls Versus Yen

by AdmaD

Monday’s large aftershock came exactly a month after an earthquake and tsunami flattened towns and damaged a nuclear plant in northern Japan. It’s the second strong aftershock to hit northern Japan in less than a week.

The dollar was worth 84.75 Japanese yen in late afternoon trading in New York, down from 84.89 Japanese yen late Friday.

The Japanese yen is considered a safe-haven currency and tends to get stronger during times of turmoil. Days after the March 11 earthquake and tsunami, the yen reached a new record high against the dollar.

US Dollar Drops to 15 Month Low

by AdmaD

Whenever there has been a world crisis, it has been typical for foreigners to seek the safety of the US dollar. A common means to accomplish that has been to buy US Treasury debt. The typical example over the past couple of years is that the demand for US Treasury debt has increased at the various peaks of crises among the European Union nations such as Greece, Ireland, Spain, Portugal, and the like.

As a result of these surges in demand, the US Dollar Index, which reflects the value of the dollar against other currencies, tends to increase.

Japan Continues Hold the Yen currency

by AdmaD

The Japanese government will continue hold the yen after the earthquake and tsunami for some time ago. The measure is on the market, Japan noted the development of its currency and trade with partners in the G-7 if necessary.

At a time when overall response times for the first time since 2000, a group of seven countries to sell the yen on Friday, March 18, 2011, reached unprecedented levels after the currency reform. Conditions that exports from Japan and other trade agreements, which could jeopardize the success of the Japanese economy after a disaster.