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For 109 years, people in Muskegon, Michigan have been making paper – until last year. The Sappi Fine Paper North America mill shut down in 2009 and 190 workers lost their jobs. Mark Evans, a Sappi employee, said "The [Asian companies] can sell the ... Publ.Date : Wed, 17 Mar 2010 22:55:00 GMT
Euro has been the only major unable to gain ground against dollar, and in fact is entering Asian session at past Tuesday daily lows, despite Wall Street closed at 17 months highs, following bigger than expected drop in February U.S. wholesale ... Publ.Date : Wed, 17 Mar 2010 23:24:00 GMT
A report from The Detroit News shows that Japan added $56 billion to a "currency interventions fund" last week – a fund that apparently has a substantial cash reserve. Further, Japanese Finance Minister Naoto Kan told the Japanese Diet that his ... Publ.Date : Wed, 17 Mar 2010 23:10:00 GMT
Dominique Strauss-Kahn, the managing director of the International Monetary Fund. In its quarterly assessment of China, which is poised to overtake Japan this year as the world’s second-largest economy after the United States, the World Bank raised ... Publ.Date : Thu, 18 Mar 2010 00:28:00 GMT
Manufacturing—and steel—support for Senate legislation aimed at tackling the undervaluation of the Chinese yuan is gaining strength, with a chorus of leading voices are getting behind the bill. In the past week, a bipartisan group of U.S ... Publ.Date : Wed, 17 Mar 2010 19:56:00 GMT
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US Dollar Shunned
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Author: Admin
US Dollar Shunned The big news out of this weekend's meeting of G-7 finance ministers was the fact that the US dollar was not mentioned. Maybe the US currency has become the sort of thing that is not mentioned in polite company, even among finance ministers. But a story at the Times of London suggests US Treasury Secretary Hank Paulson quashed attempts to mention the dollar in the closing statement.
"Despite widely reported pressure from some eurozone governments, led by France, for the meeting of G7 finance ministers and central bank chiefs to put a floor under the US currency, the group's concluding statement made no reference to the dollar, euro or yen," reports the Times' Gary Duncan.
he US government-despite the absurd lip service to a strong dollar- is happy to see a weaker greenback. There are only two ways America's US$200 billion current account can be decreased. First, Americans can spend less. Second, the dollar can fall, making imports more expensive in America and American exports cheaper overseas. We expect increased volatility in the financial markets as the US dollar tests new all-time lows. Higher base and precious metals prices will be one aspect of the dollar's new lows. And a stronger Aussie dollar, favoured by carry traders, will be another Tags:
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Major Forex Currency Pairs Forex currencies are always traded in pairs. For example, EUR/USD, which means Euro over US dollars,... Forex Currency Traders Marriage Survival Tips Trading in the foreign exchange (FOREX) market can be a lonely experience for both you, the trader, ... Interest Rates..Banks Counter Attack Markets are now caught between debt deflation and policy attempts to reflate. After Japan's market f... |
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