USD Archive
Japan Adopts Stealth Intervention as Yen Gains Hurt Growth
China, Currencies, Japan, UK
Feb 07, 2012
Japan traditionally bought $ and built it’s fx reserves to support its exporters. It was finally Tsy Sec. Paulson who shamed them into suspending their $ purchases by calling Japan, China, and others ‘outlaws’ and ‘currency manipulators’ in what was then, functionally, an attempt at a ‘weak dollar’ policy. The current administration,
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QE and the dollar
Currencies, Fed
Aug 12, 2011
THE DOLLAR DEBASEMENT MYTH & THE FED’S BALANCE SHEET “I put together this chart [see link for chart] showing the dollar index versus the Fed’s balance sheet over the last three years. As you can clearly see – there is no real correlation between the size of the balance sheet and the
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Asia Banks Face Dollar Funding Squeeze After US Cut
Banking, China, Currencies
Aug 09, 2011
This has nothing to do with the downgrade. Looks like the boys got themselves caught in a bit of a dollar short squeeze. Falling crude oil and other commodity prices will only make it worse. The Aussie dollar looks to be down close to 10% from recent highs, indicating a bit of
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China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills
China, Commodities, Currencies, Fed, Inflation
Jun 06, 2011
So it looks like QE2 indeed managed to scare China out of the dollar. This is the portfolio shifting previously discussed that’s been dragging down the dollar even though, fundamentally sound, as Fed Chairman Bernanke correctly stated. And when China (and Japan) offered to buy Spanish and other euro zone national govt
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QE2: Captain, your ship is sinking
Commodities, Currencies, Fed, Government Spending, Inflation, Oil
May 12, 2011
So imagine the corn crop report comes out and it surprises on the upside at up 30% What happens? The price of corn probably starts to fall. Commercial buyers back off, farmers rush to hedge, and, overall, players of all ilks try to reduce positions, get short, etc. A few weeks later
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Saving Money by Selling Excess Property | The White House
Commodities, Currencies, Obama
May 05, 2011
It may indeed serve public purpose to sell federal property. In fact, the burden of proof of public purpose is with the federal government as to why it would own any specific property in the first place. However, selling property does remove net financial assets from the economy, make the dollar ‘harder
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State of the Union
China, Commodities, Inflation, Obama
Jan 25, 2011
Some of the risks listed at year end seem to be coming on line, including slower growth out of China, euro austerity keeping a lid on demand in the euro zone, and US fiscal balance too tight for anything more than very modest top line growth, given current credit conditions and the
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quick fx update
Commodities
Jan 24, 2011
With crude/wti below 90 and looking soft, for anyone who wants to know my opinion, I’m now inclined to favor the $ over the euro.
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QE providing the ‘cover’ for foreign dollar buying?
Brazil, China, Uncategorized
Nov 04, 2010
Japan has already begun the resumption of dollar buying. Now looking like QE is may be opening the door for a lot more? Emerging Market Policymakers Vow to Combat Fed’s Easing November 4 (Bloomberg) — Policymakers from Brazil to South Korea and China on Thursday pledged to come up with fresh measures
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USD
Commodities, Currencies
Mar 11, 2010
Drop in crude imports today bullish for dollar
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