All Posts Tagged With: "dollar"
Beer, Beaches and the Euro
People don’t want dollars anymore… They want euro… Not bad for a fledgling currency…
Is It Time Bet on the Euro’s Decline?
The dollar rallied against the British pound and euro today, reports the BBC, “amid belief that the US economy may be in better health than other countries.”
The pound slumped to 17-month lows of $1.9225, while the euro hit five-month lows of $1.5195. Does this signal a turnaround for the buck?
Steve Sjuggerud in DailyWealth says it’s time to start betting against the euro - which is as expensive as it’s ever been. But Charles Delvalle in Investor’s Daily Edge argues that continued weakness in the US economy means the dollar will have a hard time finding traction for a long-term move.
ECB’s Tough Inflation Stance Will Keep Euro High
On Tuesday, dollar bulls were hoping the Federal Reserve would take a hawkish stance on inflation and signal that an interest rates hike.
That didn’t happen. Instead, the Fed issued a fairly neutral statement. It said “downside risks to growth remain” - dropping a reference in June’s statement to “diminished” dangers - and price increases are of “significant concern.”
Chris Gaffney in The Daily Reckoning says the statement indicates the Fed realizes it will be forced to leave rates untouched. This leaves Mr. Market is to focus on the European Central Bank. Expect more inflation fighting from Jean-Claude Trichet and his pals…
US Dollar Will Bear the Brunt of Fannie and Freddie Bailout
If US citizens were not entirely asleep at the wheel, there would be a massive outcry over the government’s bailout of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE), says Russell McDougal in Investor’s Daily Edge.
The financial elite would bear the brunt of their greed, the Fed would be banished and American taxpayers wouldn’t be saddled with cleaning up the whole mess.
This isn’t going to happen. The reality is the dollar will bare the brunt of the carnage, says Russell, as the feds crank up the printing press to maximum speed - ruining the livelihoods of US citizens in the process…
Expect the Dollar to Fall Some More
Big Media has been busy cheerleading the dollar since it regained strength last week. But don’t expect it to keep on rising, says Andrew Gordon. News on inflation, housing and retail sales is all bad. Financials are still struggling. And the Fed is all hot air on an interest rate rise.
Taking On Risk Again!
Inflation in Zimbabwe is so bad… (That’s when you say, ‘How bad is it?’)… It’s so bad that they are going to introduce a new 100 billion dollar note, that’s only worth $125!
Did Bernanke and Trichet Cosy-Up to Avoid Dollar Disaster?
Are we seeing a change in fortunes for the much maligned greenback? It would certainly seem so. The US currency has climbed to a one week high against the euro and the yen. And the G8 leaders are expected to signal support for the dollar at their meeting today.
How did this happen? The dollar was heading for a drubbing against the euro last week. Currency expert Chuck Butler believes that Fed chief Ben Bernanke sent ECB chief Jean-Claude Trichet a memo pleading with him to help the dollar out by not signaling further rate hikes in Europe.
Dollar Hits the Skids
In the currency market, the dollar sank against the euro. Late Friday, the euro was trading at $1.5622 vs. $1.5503 on Thursday.
Removing Fed Rate Hike Bets
I believe that when the dust settles on the fact that the Fed isn’t going to raise rates, things will have gotten so bad here that the Fed will be entertaining thoughts of cutting rates again!
Asking Too Much of a Fiat Currency
Trying to preserve buying power with advanced purchases of oil! Sort of like buying gold and silver, but messier. Stick with silver and gold. You’ll be glad you did, as your motives are the same as everybody else’s…
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