Brazil Worried About a Currency War
China Raises Rates to Fight Inflation
When the US “Intervenes”, Its Free Market Doing its Job (Sarcasm Implied)…
http://www.bloomberg.com/news/print/2010-10-19/geithner-weak-dollar-policy-seen-as-path-to-recovery-in-contest-with-brics.html
Highlights from the article:
"The dollar has dropped more than 7 percent since Aug. 27, when Chairman Ben S. Bernanke signaled the Federal Reserve is prepared to ease monetary policy. Where once such a decline may have been met with resistance from the U.S., Geithner may now be tolerating it as a way of bolstering the recovery."
Highlights from the article:
"The dollar has dropped more than 7 percent since Aug. 27, when Chairman Ben S. Bernanke signaled the Federal Reserve is prepared to ease monetary policy. Where once such a decline may have been met with resistance from the U.S., Geithner may now be tolerating it as a way of bolstering the recovery."
“Geithner’s comments recently have been not exactly dollar-supportive,” said Barry Knapp, chief U.S. equity strategist at Barclays Plc in New York. “Typically what happens is that the Treasury either says we support a strong dollar or we think a free market should decide where the dollar goes, and that means we don’t mind if it goes down.”"