New Yorker Jen Caramichael bought a new Seiko watch in Tokyo for 120,000 yen. At the market exchange rate, that is about $740, compared with the approximately $1,000 she would expect to pay in New York. —wsj.com    

While visiting Tokyo, Jen Caramichael noticed that a Seiko watch sells for about $740 there but around $1,000 in New York.—wsj.com    

Following the appreciation of baht by 4.5% so far this year, the Tourism Authority of Thailand projects that foreign tourist arrivals will decrease by around 6% this year.—nationalthailand.com    

India’s currency fell to a historic low of 88.62 rupees per U.S. dollar on September 23 as higher U.S. visa fees hurt India’s IT sector and prompted foreigners to sell Indian stocks. Additionally, the United States imposed tariffs of up to 50% on Indian goods.—khaleejtimes.com  

In September, the peso reached 1,475 per U.S. dollar, approaching the upper limit of its flexible exchange rate band. Argentina’s central bank, using scarce reserves to support the peso, is backing the President’s anti-inflation strategy, increasing the likelihood the band will be replaced with a more flexible exchange rate system.—economist.com

The yen fell broadly against the U.S. dollar, the euro, and the pound on Monday after the Prime Minister’s resignation, as investors anticipated a successor favoring looser monetary policies.—reuters.com  

The U.S. interest rate differential and U.S. dollar normally move in tandem, but the relationship broke down for a stretch in April when tariff announcements prompted investors to shed American bonds, sending bond yields soaring and the dollar plummeting. —economist.com  

China’s exports rose 4.8% and imports fell 3.4% in May from a year earlier.—cnbc.com The 1993 Trade Deficit with the World The last time China maintained a trade deficit with the world was in 1993.—macrotrends.net China’s Government Sector Balance in 2024 China had a budget deficit of 7.7% of GDP in 2024.—reuters.com