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Fear Not the Falling Dollar! .: Economic Crisis in US
3 hours ago ago from Economic crisis in US
The U.S. dollar has fallen in value vs. most other currencies for most of the last nine months and is now flirting with multi-year lows. More U.S. dollar weakness should be expected but not necessarily feared. Contrary to many proclamations from official and private sources, a “strong” dollar is not necessarily in the U.S. or collective global economic interest. Attempts to prevent a continued orderly dollar decline may further perpetuate ...
Related contentPIMCO: Strong Dollar Supporters Will Create The Next Crisis | Investing to Wealth
20 hours ago ago from Investing to Wealth - Macroaxis Blog
Economists should get rid of the terms 'strong' and 'weak' when discussing the dollar's value, and use words like 'heavy' and 'light' instead. It would do wonders to change the American public's perception that somehow a strong dollar must always be good. Well, PIMCO's global portfolio manager Scott Mather makes a pretty complete and concise argument why investors, and Americans, should not to fear a weak dollar. This is because a ...
Related content- - Euro Falls to 1-Month Low Against Dollar After Debt Downgrades
1 day ago ago from Forex Today
Dec. 9 -- The euro traded near a five-week low against the dollar on speculation credit ratings of more European nations will be cut after Greece’s debt ranking was lowered by Fitch Ratings. The pound was near its weakest level in almost two months versus the dollar on concern Dubai’s state-controlled companies will have to sell U.K. assets to pay for loan obligations. The yen reversed earlier gains on speculation the Bank of Japan will ...
Related contentWill U.S. dollar head up or down? :: Currency Bits
23 hours ago ago from Currency Exchanges | Conversions | Rates | Symbols | World | Trading | Values < Currency Bits
Home Currency Exchange Will U.S. dollar head up or down? December 5, 2009 |12:04 | Currency Rates By : Team X With the dollar falling this week to 14-year lows against the Japanese yen, many questioned whether the greenback would continue to drop. But the dollar rebounded strongly Friday on news that unemployment rates were declining, prompting questions of whether the rebound will rise even higher. On Friday, the ...
Related contentDollar edges up as greenback runs of puff :: Currency Bits
23 hours ago ago from Currency Exchanges | Conversions | Rates | Symbols | World | Trading | Values < Currency Bits
Home Currency Exchange Dollar edges up as greenback runs of puff December 8, 2009 |17:35 | Currency Rates By : Team X The Australian dollar edged off lows on Tuesday, aided by a softer US dollar, as investors revived bets of US interest rates staying at zero for some time. At the local close, the dollar was trading at $US0.9127, from a low of $US0.9054 struck offshore, to be marginally down from $US0.9155 seen here at ...
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Gold's luster continues to fade
23 hours ago ago from CNN Money
Click the chart for current gold prices. Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. NEW YORK (CNNMoney.com) -- Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen. February gold fell $32 to settle at $1,131.40 an ounce. Gold prices have tumbled 7% since ...
Related contentStocks Fall as Participants Question Market's Direction
22 hours ago ago from FanHouse
Sector performance (% change on day): Financials (-0.89%), Tech (-0.76%), Health Care (-0.75%), Consumer Staples (-1.15%), Consumer Discretionary (-0.77%), Industrials (-1.33%), Energy (-1.74%), Telecom (-0.98%), Materials (-1.71%), Utilities (-0.39%). Dow -104.14 at 10285.97, Nasdaq -16.62 at 2172.99, S&P -11.31 at 1091.94 [BRIEFING.COM] Stocks spent the entire session mired in weakness as cautionary comments about the U.S. debt rating and ...
Related contentDollar rally pauses amid worry over gov't finances
4 hours ago ago from FanHouse
NEW YORK -The dollar weakened slightly from 5-week highs Wednesday. It's been gaining steadily since the start of the month. On Wednesday, the 16-nation euro rose to $1.4733 in morning trading in New York from $1.4685 late Tuesday. Earlier in the session, the euro fell as low as $1.4670, its weakest point since Oct. 5. The euro has dropped as much as 4 cents against the dollar this month, as investors are locking in the gains they've already ...
Related contentStocks turn higher as weak buck lifts commodities
4 hours ago ago from FanHouse
NEW YORK -Stocks turned higher Wednesday as a weakening dollar boosted prices of commodities and lifted energy and materials stocks. The modest advance followed an early slide on concerns about mounting government debt levels in Spain, Greece and other countries. Investors have been worried in recent weeks that debt problems could trip up a global economic recovery. Stocks pared their losses and began pushing higher as the dollar fell in late ...
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