Jittery times in June make euro and yen the weakest currencies
In the group of G-10 currencies, the euro and the Japanese yen saw the sharpest decline against the US dollar....
archiveEuropean Economy
The U.S. economy and stock market have outperformed. Can the American exceptionalism last?
The entire concept of “American exceptionalism” is controversial. Used by both major parties to advance their agendas of the moment, the belief that there’s something distinct and unique about America has been present for hundreds of years. It’s been co-opted by both boosters and detractors to explain away countless features of the U.S. landscape—from our high rates of gun violence and abnormal health care costs to our disdain for authority and penchant for self-reliance. But while American exceptionalism may or may not be real in the political realm, it’s been...
Currency Markets: Amundi’s Bearish Call on Sterling Misses the Point
“We expect the pound to fall apart” is the bold prediction for sterling’s fate from Federico Cesarini, head of developed-market...
