Japan traditionally bought $ and built it’s fx reserves to support its exporters. It was finally Tsy Sec. Paulson who shamed them into suspending their
Japan has already begun the resumption of dollar buying. Now looking like QE is may be opening the door for a lot more? Emerging Market
The 100 day moving average of the dollar index has started moving up, and the 200 day isn’t far behind. This means futures based and
[Skip to the end] On Fri, Sep 19, 2008 at 9:44 AM, Scott asks: These moves HAVE to be bad for the dollar, no? Not
[Skip to the end] This is an extension of credit to those CBs which functionally allows them to borrow (and thereby also get ‘short’) USD,
[Skip to the end] My current assessment is that the crude sell-off has caused the USD’s strength. Lower crude prices make the USD ‘harder to
> > European demand for $ funding has increased and surpassed the US demand > Pat, this is most problematic as it indicates the eurozone is
[Skip to the end] This is what happens when non residents are scrambling to reduce their hoards of USD financial assets. Exports rising like this
[Skip to the end] Bloomberg News Video Clip Maybe, but… It will be tough for the USD index to move up without the CBs and