Don’t Trust the Dollar Strength
October 9, 2009 by goldguru · Leave a Comment
The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]
Asian central banks intervene to slow dollar’s fall
October 8, 2009 by goldguru · Leave a Comment
By David Roman, The Wall Street Journal SINGAPORE — The U.S. dollar continued to tumble against most Asian currencies Thursday, prompting a wave of foreign-exchange intervention by central banks in South Korea, Taiwan, the Philippines, and Thailand seeking to limit damage to their export industries. Traders said the dollar selloff is unlikely to fade soon, given [...]
Asian central banks will devalue competitively, analyst says
January 20, 2009 by goldguru · Leave a Comment
By Patricia Lui Bloomberg News Tuesday, January 20, 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=atqsxuWIi9Q4&refer=h… SINGAPORE — Asian central banks will pursue competitive devaluation of their currencies in the first half of the year and cut interest rates to buffer the impact of a global economic slump, Royal Bank of Scotland Group Plc. said. read more Read more….