By Daniel R. Amerman, CFA Overview The United States government has five interrelated motivations for destroying the value of the dollar: 1. Creating money out of thin air on a massive basis…
Tag: us dollar
Fed’s Currency Swap Lines: A BIG deal for the Dollar
The Fed met this week on monetary policy. It was a bit of a snoozer. What wasn’t a snoozer, however, was what they’ve included in their recent monetary policy statements regarding currencies….
Further Downgrade in Greece Triggered Credit Concerns, Investors Sheltered under USD
Broad-based rally in USD pared commodity gains made Wednesday. The dollar surged to 1.434, the highest level in 3 months, as S&P downgrades Greece’s credit rating for the second time this year….
What Could Lift the Dollar?
The most recent employment data in the U.S. came in significantly better than what was expected. And the financial markets reacted in a different way this time. Interest rates went screaming higher,…
Arab States to Ditch U.S. Dollar-based Oil Pricing
Associated Press Tuesday, October 6, 2009 The dollar fell Tuesday towards year lows against the euro and the yen after a report that Arab states and other countries were contemplating an end…
World Bank Says U.S. Dollar Not the Only Reserve Currency Option
By Glen Somerville Market Watch World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted because other options are…
Sprott Says Gold Price Driven by Crumbling U.S. Dollar
By Lawrence Williams MineWeb In its latest statement on global markets Canada’s much respected Sprott Asset Management points to the ever increasing doubts on the status of the U.S. dollar as the…
U.S. Dollar’s Days are Numbered as Reserve Currency
By Jessica Mead City A.M. Thursday, September 24, 2009 Over the next two days, world leaders gathered at the G20 summit in Pittsburgh will attempt to address the issue of the persistent…
Gold & US Dollar Relationship
When it comes to Gold, there is actually too much focus or incorrect focus on the US Dollar. The fact is that throughout this bull market, Gold has been leading the US…