Will The World Intervene To Stop The Dollar Slide? at FinGad.com

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Will The World Intervene To Stop The Dollar Slide?

Categorie: Currencies
Submitted 8 months ago by

Denese

Will The World Intervene To Stop The Dollar Slide? Currency volatility continues and credit market losses widen as J. P. Morgan Chase & Co. and the New York Federal Reserve had to bail out Bear Stearns, one of America's largest investment banks. DK Matai, Chairman, Asymmetric Threats Contingency Alliance (ATCA), sees this as “the clearest ‘red alert’ signal yet, that the country's financial system is in the middle of a violent spasm with the potential to spark the worst meltdown since the Great Depression.” The dollar sank below 99 yen, to the weakest in 12 years, and slumped to a record low versus the euro and also plunged to below one Swiss franc for the first time. The dollar set record lows as investor confidence tumbled, sending U.S. stocks lower for a third straight week and driving gold to a record high of $1,009 an ounce. With the Yen hitting all time highs against the dollar, hurting an economy that earns dollars on exports, speculation is increasing that world government intervention may be the next step in controlling the market volatility and propping up the failing dollar. The dollar fell below 100 yen for the first time since 1995 as fears grow that the US economy is slipping into a recession. Japan’s long recovery from ... More...

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#1 | Craibern @ 8 months ago User Rank : 18 Portfoilo Balance: $50,000.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Your article on the dollar's decline is interesting and worth the long read.
#2 | Denese @ 8 months ago User Rank : 93 Portfoilo Balance: $63,300.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Thank you.

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