Dollar Fall Sparks Stability Warnings -- Financial Times
The dollar tumbled against most major currencies on Thursday, prompting warnings that the weakness of the world’s reserve currency could destabilise the global economy and push other countries into retaliatory devaluations to underwrite their exports.
Increasing expectations the Federal Reserve will pump more money into the US economy next month under a policy known as quantitative easing sent the dollar to new lows against the Chinese renminbi, Swiss franc and Australian dollar. It dropped to a 15-year low against the yen and an eight-month low against the euro.
Read more ....
More News On The World's Currency Crisis
Dollar tanks, stocks drop as Bernanke speech looms -- Yahoo News/AP
Currency war risk threatens investment recovery: U.N. -- Reuters
China's yuan hits new high at 6.6497 against U.S. dollar Friday -- Xinhuanet
Japan, South Korea are new front in currency war -- Market Watch
Japan Prime Minister Kan Says Country Will Take Action on Yen if Necessary -- Bloomberg
In Tokyo, Weak Won Worries Worsen -- Wall Street Journal
G-7, G-20 Ignores Japan’s Role in Currency War -- Dallas Blog
No Euro-Zone Currency War, Just Tough Choices on Reform -- Wall Street Journal
Russia calls for "peace", not currency wars -- Reuters
Geithner Sees ‘No Risk’ of Currency War -- Wall Street Journal
Geithner Sees "No Risk" of Currency War -- ABC News
'No risk' of currency war: Geithner -- AFP
Why Do Currency Wars Start? -- Foreign Policy
The currency war is phoney -- John Ross, The Guardian
U.S. is currency war's "tomb maker": China economist -- Reuters
How to stop a currency war -- The Economist
No comments:
Post a Comment