Here is what Mr "Strong Dollar" is recently said, according to Bloomberg that reported that "U.S. Treasury Secretary John Snow speaks about the U.S., European and global economies and the outlook for economic growth. He is speaking [in] London":
3) BN 10:49 *SNOW SAYS STRONG DOLLAR IS U.S. POLICY
4) BN 10:47 *DOLLAR FALLS; SNOW SIGNALS NO AGREEMENT TO STEM ITS DECLINE
6) BN 10:45 *SNOW SAYS U.S. WILL ADDRESS CURRENT ACCOUNT DEFICIT
7) BN 10:45 *SNOW SAYS REST OF THE WORLD MUST HELP MANAGE CURRENCY VALUES
8) BN 10:40 *SNOW SAYS BETTER GROWTH IN EU IS IN THE INTEREST OF THE U.S.
10) BN 10:39 *SNOW SAYS EU ECONOMIC POLICY MUST FOCUS ON GROWTH
11) BN 10:37 *U.S.'S SNOW SAYS GAP BETWEEN RICH AND POOR WILL NARROW
12) BN 10:37 *SNOW SAYS WIDENING GAP BETWEEN RICH & POOR DUE TO RECESSION
14) BN 10:34 *U.S. TREASURY SECRETARY SNOW SPEAKING IN LONDON Q&A SESSION
15) BN 10:34 *U.S.'S SNOW SAYS MARKETS SHOULD SET VALUE OF EURO
Now, I just want to add what happened simultaneously in the currency market:
10:34 1.2999 USD per Euro
10:49 1.2997
10:41 1.3020
10:47 1.3030
11:00 1.3034
all times are central european
Admittedly, currency traders are talking about important option expiries today as factors behind today's fall in the dollar. But one has to admit that that the "strong dollar policy" doesn't seem all that solid now. After the dollars' fall forcefully breaking through the 1.30 level, Snow got the question why he was repeating that he is behind the strong dollar policy. "Because the U.S. has a strong dollar policy" he answered laughing, while everybody else was laughing too. Everybody - except European finance ministers and European exporters who sell their added value in USD and pay wages in Euro.
Fair and balanced comments about the world from the everyday perspective of a welfare-state citizen.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Liquidity crunch in global financial market, Long-term security food supply, disruptive supply chain and energy security are main global ri...
-
I came to Texas Christian University from a relatively small town between San Antonio and Austin called Seguin, Texas. The majority of Segui...
-
Good news for me: Even though the ecosystem ranking for this blog has fallen from "Flippery Fish" to god knows what slimy little ...
-
The Swedish Newspaper Dagens Industri this morning published an article that tried to explain the much debated weakness of the Swedish Krona...
-
Shortly after an earthquake occurs in the U.S. its Geological Survey reports it a list of "Recent Earthquake Activity" on its ho...
-
On blog@stefangeens.com, Stefan gives "A guided tour of English-language Swedish blogs": Fortunately, there are many English-l...
-
A friend of mine recommended the site mathschallenge.net for those interested in mathematical puzzles and challenges, including programming...
-
Per square meter prices for condos in the central Stockholm region has decreased recently, according to statistics from brokers, diagram abo...
-
I don't know if it is because of the headline of the latest post, or if it is the lack of policing (my bad), but comment spam relating t...
-
Amid faltering job-growth pressures have risen on the Riksbank to cut rates. There is hence a fierce debate focused on these two issues goin...
No comments:
Post a Comment