Dm: a little weak

Article Abstract:

The Deutsche mark (Dm) managed to establish some ground versus the dollar in the spring of 1992 such that the Dm apreciated by 2.9% over the three month period ending May 20. A 4.7% rise from Apr 16 to May 19 provides an indication of the concentration of the Dm's appreciation into the latter portion of spring 1992. Despite high German interest rates, little enthusiasm was shown for the Dm. In comparison to other currencies under the European Monetary System, the Dm showed weakness. However, its weakened state was still close to stable. Over the three month period, the Dm declined 1.1% against the French franc, 0.3% against the peseta, and 1.8% against the pound sterling.

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DM - boom, boom, and up she goes

Article Abstract:

The deutschmark (DM) was strong between 10 Sep and 10 Dec 1990, rising 7.4% against the US dollar, 2.6% against the pound sterling, and 1.8% against the yen. The strength of the DM can be traced to GNP growth of 5.5% over 1989, the fastest growth since 1976. Public and private interest have risen due to the strong demand for capital brought about by German reunification. The DM is going through a period of appreciation reminiscent of the US dollar between 1981 and 1984, and the DM can be expected to continue to rise against the US dollar, the yen, and possibly against the pound sterling, peseta, and lira.

Germany

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DM - an exhausted boom

Article Abstract:

The German deutschemark (DM) appreciated in value against the American dollar, the Japanese yen, the British pound, and the French franc, between mid-September and mid-December 1991. The strength of the DM was largely due to expectations that German interest rates would rise. Another source of strength was the relative bouyancy of the German economy. Conditions may change in the near future as German interest rates are expected to fall with inflation in 1992. The DM should likewise move downwards.

Statistics, Inflation (Finance), Interest rates, Inflation (Economics)

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