Here is the challenge: Representing a three-dimensional object in two-dimensions. It is impossible to do without distortions. Those distortions can reflect cultural biases as well as the function of the map, such as for navigation purposes. The Mercator Projection, which generates the map that may be most familiar, dates back to the 16th century. It projects …
Japan reported a slightly larger than expected July current account surplus earlier today. The July balance has improved over June without fail since 2003. Japan’s current account surplus is not driven by the trade balance. In fact, Japan recorded a trade deficit of JPY1 bln on a balance-of-payments basis in July, its third deficit in …
Japanese Investors Buy Treasuries and French Bonds and Sell Bunds and Gilts Read More »
The US dollar’s pre-weekend gains were extended against most the major currencies, but the euro, sterling, and Australian dollar have recovered in the European morning. Emerging markets currencies are mixed. The Indian rupee is the weakest(of the emerging market currencies (~-0.8%) following the widening of the Q2 current account deficit at the end of last …
Initial Extension of Euro and Sterling Losses Stall Read More »