I found a wonderful chart displaying the balance of power among the main 9 great powers, based on their combined GDP. We’ve seen stuff like that before but this one goes one millennia back and even projects the next 40 years! Plus, it spots History’s major events. This is what I call perspective :) (Click…
Yesterday Ben Bernanke, Fed’s chairman, revised the US GDP growth forecasts, which made the EUR/USD reach a daily lowest of 1.3173. But since Bernanke remained prudent during the press conference, the EUR got stronger against the USD. On the other side of the planet, the Royal Bank of New Zealand didn’t change its policy rates,…
So, as of 24.04.12: EUR/USD =1.3223 GBP/CHF = 1.4617 NZD/USD = 0.8144 USD/JPY = 81.17 Ever wondered why there’s such a gap in JPY’s numeric value among the major crosses? The Japanese currency is a major one, not devaluated, so this divergence doesn’t make sense. To find out, let’s go back in time. The…
