The central bank widened the yield on 10-year bonds and increased its monthly asset purchases in hopes of reviving a stagnant domestic bond trade.
Category: Currency
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Bank of Japan Surprises Markets With Policy Tweak
The New York Times – Business: -
King Charles III Is the New Face of U.K. Money
The New York Times – Business:Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
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Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation
The New York Times – Business:The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
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As Dollar Strengthens, U.S. Students in Europe Feel the Benefits
The New York Times – Travel:The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Microsoft Quarterly Earnings Show Slowest Growth in Five Years
The New York Times – Business:The technology giant faced a strong U.S. dollar and weakening demand for personal computers in its latest financial results.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
The New York Times – Business:Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.
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Lessons From Liz Truss’s Handling of U.K. Inflation
The New York Times – Business:The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.