Monday, October 26, 2009

America Weak Dollar Policy: You Can Envision All Sorts of Crises

America Weak Dollar Policy: You Can Envision All Sorts of Crises


The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia's lead and raise rates while the Fed stands pat.

How to Make Money Off the Weak Dollar

How to Make Money Off the Weak Dollar



Waddell and Associates CEO David Waddell on investing in the dollar.




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The Dollar Is Dying a Slow Death, Says Niall Ascent of Money Ferguson

"It's clear where we're headed," says Niall Ferguson, author of The Ascent of Money. "Ten years from now there will be more than one international reserve currency," he tells Tech Ticker.


Saturday, October 24, 2009

Asian Central Banks Intervene as USD Slumps

Asian central banks bought U.S. dollars to weaken their currencies as the weaker dollar threatened smaller-export driven economies. Rob Rennie, currency strategist at Westpac Bank assesses this news, with Kirby Daley from Newedge Group, CNBC\'s Amanda Drury & Sri Jegarajah.












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Friday, October 23, 2009

Yuan Appreciation in the Cards?

As long as there is sequential improvement in China\'s exports, the appreciation pressure on the yuan will mount, believes Chi Lo, director of research & investment at Ping An of China Asset Management, speaking with CNBC\'s Amanda Drury & Sri













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Monday, October 19, 2009

Asian Currencies On Fire Bloomberg Oct. 19, 2009

Over the last few months The Asian currencies have seen the biggest rally since 1998 ,Indonesia India Tai Wan Thailand are set to be amongst the best performers next year , these currencies are still under valued

Sunday, October 18, 2009

Latin America plans US dollar replacement


Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.

Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.
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Saturday, October 17, 2009

Is the Dollar Dead - Russia Today Cross Talk

In this edition of the program we have a look at what is happening to the US dollar. Is it doomed? Probably not, yet its global hegemony is slowly but surely coming to an end.




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Wednesday, October 14, 2009

Dollar hits 14-month low against euro

Concerns about the future of the US economy have brought the dollar to its lowest level in 14 months against the euro.

The value of the euro against the dollar increased to 1.4887 from 1.4852 in Asian trade -- the highest level since August 2008.

The American currency also fell to 89.90 yen from 89.67. The euro contracted to 132.36 yen from 133.30.

The losses are blamed for a slow-paced recovery in the world's largest economy.

"I think the euro rose against a backdrop of falling confidence in the US economic recovery," Marito Ueda, a dealer, told AFP.

"Recent US economic data were negative. Job numbers in particular have been slow to recover, disappointing investors," he added.

DB/SC/AKM
Source Press TV

Tuesday, October 13, 2009

Asian Currencies Yen Yuan won Rupiah strengthened against the falling Dollar

South Korea’s won strengthened, approaching a one-year high, on speculation an improving economy will draw more funds to the nation’s assets. Bonds declined. (Source Bloomberg)




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Monday, October 12, 2009

Is the dollar done as reserve currency? Banks shift to Euros & Yen. Investors to Aussie and loonies Greenback down

Dollar Reaches Breaking Point as Banks Shift Reserve


Oct. 12 (Bloomberg) -- Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades.

Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to data compiled by Bloomberg. Nations reporting currency breakdowns put 63 percent of the new cash into euros and yen in April, May and June, the latest Barclays Capital data show. That’s the highest percentage in any quarter with more than an $80 billion increase.
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Click here to Watch Steve Forbes Discusses U.S. Dollar, Economic




Dollar Skeptics Buy Euro


Interview and discussions with Marvin Barth of the Tennenbaum Capital Partners. He talks about the dollar market. (Bloomberg News)

Sunday, October 11, 2009

The US Dollar is going down the toilet Jim Rogers on Reuters

U.S. strong dollar policy questioned


Oct 9 - The US dollar is likely to continue declining ...the US government is debasing the US currency according to Jim Rogers ...The U.S. government holds off on coordinated efforts to prop up the dollar. What's next for the dollar after a bumpy year.
"If we are going to continue to debase it, the dollar is going to go down a great deal." Jim Rogers told Reuters Oct 09

Saturday, October 10, 2009

Summers Says Obama Is Committed to Strong U.S. Dollar

Oct. 8 (Bloomberg) -- Lawrence Summers, director of the
White House National Economic Council, talks with Bloomberg's Peter Cook about the Obama administration's stance on the U.S.
dollar.





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Tuesday, October 6, 2009

British Pound may continue its fall .The Currency Report

Pound Takes a Pounding - Sterling Fell Too Far, Too Fast? Bloomberg


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