G7 leaves currency markets guessing
Article Abstract:
The Group of 7 has issued a statement on foreign exchange market misalignments, stating that they have been corrected enough. This statement is taken to mean that the US dollar has risen enough in relation to the Japanese yen and the German mark. A strong US dollar tends to benefit stock markets in Europe. Japanese interest rates are unlikely to be raised because of weakness in the Japanese economy, which leaves US rates as more attractive, helping to boost the dollar. European rates are also likely to stay low for similar reasons.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Holiday from foreign exchange rip-offs
Article Abstract:
Expenses arising from foreign exchange can affect investors' returns. Tourists pay commission and get a lower rate than banks which exchange larger sums. Investors should aim to pay the wholesale rate for currency so it is cheaper than the rate paid by tourists, since investors pay more money. Stockbrokers can carry out foreign exchange deals with no commission charge. Dividend checks can be cashed in bulk more cheaply by stockbrokers. Offshore accounts and funds may also offer good rates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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