As the Us Dollar Weakens, Other Currencies Necessarily Increase. the Euro Is Now Trading Above $1.48 to the Dollar, a Record High. and the Japanese Yen Is Stronger Than 109 to the Dollar, a Two-Year High. All Currency

Topics: United States dollar, Currency, Euro Pages: 2 (321 words) Published: December 10, 2012
As the US dollar weakens, other currencies necessarily increase. The euro is now trading above $1.48 to the dollar, a record high. And the Japanese yen is stronger than 109 to the dollar, a two-year high.

All currency movements proximately reflect differentials in short-term interest rates. The weakness in the dollar over the last two months was caused by the Federal Reserve's interest-rate cuts in September and October.

Underlying economic fundamentals in each respective currency zone also affect exchange rates, since they have an impact on market interest rates as well as policy interest rates. Speaking very broadly, a lower currency value can reflect concern about the business outlook for a particular country.

This analysis holds reasonably well for the dollar-euro rate. But what's the story with the Japanese yen?

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