It is one of questions, interisubschy policy makers at session G20 in Seoul next month. The secretary of exchequer of the USA Gejtner has made yesterday deaf statements where affirmed that the USA should keep «strong dollar». Also, it has rejected conjectures that the USA pursues a policy of devaluation. Many in Asia, and also in the markets will disagree with such statements. With rod inflation at record minima and achievement of limits of traditional measures of a policy (means interest rates), the weak dollar is one of the main influential tools of a policy. However, obligations to the foreign investors, have given which USA at continuous deficiency of the balance of payments, mean danger of such policy. Success QE will entail higher profitablenesses under bonds that already happens with long-term papers. Dollar investors will start to take steps against a policy of decrease in value of their investments through portfolio shift aside from dollars or (in a case with operating private or state reserves) through political measures. Weakness of dollar has the price.
Translate this page
