US Dollar Mixed
The U.S. dollar today was mixed and without much movement, as relatively little news of significance emerged to effect the greenback.
Other currencies were similar, other than the British pound which continues to be hammered by the numerous events and pressures it's undergoing.
Neither currency is particularly appetizing at this time, neither will the be over the long term.
The U.S. dollar seems to have a chance to strengthen based on perhaps nothing else than contrarian investing, as most people have been dollar bears for a long time, and little positive is leaking out about the currency.
US Dollar Mixed
Wednesday, March 10, 2010
Tuesday, March 9, 2010
Contact Watching U.S. Dollar
Contact Us
You can contact any of the authors of Watching U.S. Dollar at
raesally@comcast.net. Authors can be fowarded your email if you want
to contact one individually.
Ray Esally
Gary Thomas
Tommasino Conito
Allen Nine
Jim Stevens
Gordy
You can contact any of the authors of Watching U.S. Dollar at
raesally@comcast.net. Authors can be fowarded your email if you want
to contact one individually.
Ray Esally
Gary Thomas
Tommasino Conito
Allen Nine
Jim Stevens
Gordy
Watching U.S. Dollar Author Team
Author Team Watching U.S. Dollar
Ray Esally
Gary Thomas
Tommasino Conito
Allen Nine
Jim Stevens
Gordy
Ray Esally
Gary Thomas
Tommasino Conito
Allen Nine
Jim Stevens
Gordy
Sunday, March 7, 2010
China Ready to Drop Dollar Peg?
China U.S. Dollar Peg
Although it may not happen quickly, it looks like China has decided they're gradually going to remove the dollar peg with the renminbi, saying it was a temporary measure to deal with the economic crisis.
It's hard to tell if this is a consensus with the Chinese, or one faction making an assertion while the others are holding to a policy of needing a stable exchange rate between China and the U.S.
Confirmation from the Chinese government hasn't come yet after Zhou Xiaochuan, governor of the People’s Bank of China, made the comments of changing the peg sometime in the near future.
Of course when thinking of the Chinese, we must take into consideration their idea of what "near" means and what ours is. In this case, they seem to be thinking of a period of two to three years, tying it into the low levels of Chinese exports since the global economic crisis began.
China U.S. Dollar Peg
Although it may not happen quickly, it looks like China has decided they're gradually going to remove the dollar peg with the renminbi, saying it was a temporary measure to deal with the economic crisis.
It's hard to tell if this is a consensus with the Chinese, or one faction making an assertion while the others are holding to a policy of needing a stable exchange rate between China and the U.S.
Confirmation from the Chinese government hasn't come yet after Zhou Xiaochuan, governor of the People’s Bank of China, made the comments of changing the peg sometime in the near future.
Of course when thinking of the Chinese, we must take into consideration their idea of what "near" means and what ours is. In this case, they seem to be thinking of a period of two to three years, tying it into the low levels of Chinese exports since the global economic crisis began.
China U.S. Dollar Peg
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