Thursday, October 21, 2010

The next attempt of Gejtner to stabilize dollar falling

Restoration of the dollar first days of the week turned out to collect profits, which began on Wednesday. Do not see any clear momentum was simply the presence of standing orders for the purchase of most currencies against the dollar. Euro wins aircraft coming in 2% to 1.40 for lunch, which contribute to the diversification of reserves of Asian banks and assumptions Stark of EBC, the central bank is not going to extend an extraordinary measure. The growth in share prices of commodities have given impetus to vysokobetovyh Rates: Aussie recovered to 0.9880 by adding two figures from the minimum. USD / JPY once again dropped below 81, reaching a new 15-year low of 80.85, while the dollar index down more than percent.
nterest also is the second attempt Geithner stop dollar's sharp fall. In an article in the Wall Street Journal, he repeated that the depreciation of currencies - is not the way to success, and that the majority of currencies "about their levels at the moment." He refuted the hypothesis that the form of fresh currency chord may be agreed between the finance ministers of G20 in the near future. Geithner has promised to end the week on the G20 to start the discussion of "norms" monetary policy, arguing that "now there is no common sense, that is honest." This will cause a "heated debate", because China and other Asian economies, will insist that the U.S. specifically reduces the rate of its currency.

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