Importers bounce back as markets seek safety in bonds and dollars on account of a potential military action in Ukraine. That may accelerate after 5 deaths over the weekend prompted rhetoric from all sides. Talk of deflation or lowflation is beginning to dominate Eurozone economic news. Though most pundits think the European Central Bank is all talk, bonds continue to sell in the periphery economies. When a test comes, what will Mario Draghi do? What can he do?
Who won the battle last week, between the USD and five currencies? (We are starting from scratch, all data from beginning of year.) The perspective is strictly from America, so if against the Aussie Dollar, United States importers won, that also means Australian exporters won as well. I am changing the sign convention: negative percentage changes mean that exporters have the advantage while positive numbers show the advantage for importers.
| Currency | Week Ending 4-18-14 | Weeks in a Row | Weekly Change | YTD Change |
| Australian Dollar (AUD) | Importers Win! | 0 | 0.8% | -4.94 |
| Canadian Dollar (CAD) | Importers Win! | 0 | 0.7% | 3.30% |
| Euro (EUR) | Importers Win! | 0 | 0.5% | -0.33% |
| British Pound Sterling (GBP) | Exporters Win! | 1 | -0.1% | -1.24% |
| Japanese Yen (JPY) | Importers Win! | 0 | 1.0% | -2.74% |
Thanks,
Damon
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