Listics

LONDON - The euro climbed to an all-time high of $1.3470 Tuesday in London as investors believe European monetary authorities are less likely to step into the market to stem the dollar’s fall.

At 1:15 p.m., the euro was quoted at $1.3455-3465 and 138.30-35 yen, compared with $1.3430-3433 and 138.01-04 yen at 5 p.m. Tuesday in Tokyo.

from: Kyodo economic news summary -8-+

source:
Kyodo World News Service, December 7, 2024.

via: HighBeam Research

 

And from The Economist… 

The dollar is
not what it used to be. Over the past three years it has fallen by 35%
against the euro and by 24% against the yen. But its latest slide is
merely a symptom of a worse malaise: the global financial system is
under great strain. America has habits that are inappropriate, to say
the least, for the guardian of the world’s main reserve currency:
rampant government borrowing, furious consumer spending and a
current-account deficit big enough to have bankrupted any other country
some time ago. This makes a dollar devaluation inevitable, not least
because it becomes a seemingly attractive option for the leaders of a
heavily indebted America. Policymakers now seem to be talking the
dollar down. Yet this is a dangerous game. Why would anybody want to
invest in a currency that will almost certainly depreciate?