oussama94
05-29-2017, 00:10
Throughout the past two decades, the balance of payments approach
in assessing the dollar’s behavior has given way to the asset market
approach. This theory continues to hold the most sway over pundits due
to the enormity of U.S. ******* markets. In May and June of 2002 the dollar
plummeted more than a thousand points versus the yen at the same time
equity investors fled U.S. equity markets due to the accounting scandals
that were plaguing Wall Street. As the scandals subsided toward the end
of 2002 the dollar rose 500 basis points from a low of 115.43 to close at
120.00 against the yen even though the current account balance remained
in massive deficit the entire time.
in assessing the dollar’s behavior has given way to the asset market
approach. This theory continues to hold the most sway over pundits due
to the enormity of U.S. ******* markets. In May and June of 2002 the dollar
plummeted more than a thousand points versus the yen at the same time
equity investors fled U.S. equity markets due to the accounting scandals
that were plaguing Wall Street. As the scandals subsided toward the end
of 2002 the dollar rose 500 basis points from a low of 115.43 to close at
120.00 against the yen even though the current account balance remained
in massive deficit the entire time.