US Treasury secretary Timothy Geithner, who has responsibility for the administration's dollar policy, responded: «We will never seek to
weaken our currency as a tool to gain competitive advantage or to grow the economy.»
Not exact matches
The prestige of the U.S. dollar is being questioned
as the
currency weakens, an investment manager told CNBC Monday.
The rising dollar negatively influences companies that have a huge global presence
as they end up trading in a
weakened domestic
currency.
As a result of its
weakening economy, China has abandoned its
currency peg with the dollar and reduced the yuan's exchange rate on three separate occasions this week.
The rouble has
weakened some 30 percent versus the dollar this year,
as Western sanctions over the Ukraine crisis have made it harder for banks and companies to refinance foreign
currency debts and
as tumbling oil prices have hurt government revenue.
Weakening currencies in the post-Soviet states threaten to raise default rates on foreign -
currency mortgages
as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge threatens Austrian banks.
Since 2001 the silver and gold markets have gone up substantially
as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive increases in military spending,
weakening global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing
currencies that
weaken the dollar's trading status, excessive debts in Europe, Japan, the United Kingdom, and the United States, and so much more.
As of today, the unemployment level maintains to the lowest levels since 2009, but any increase in unemployment may
weaken the European
currency against major pairs, including Yen.
«China has paved the way for a further
weakening of its
currency by announcing changes in how it measures the value of the renminbi, raising investors» alarm at the prospect a new
currency war just
as the US prepares to raise interest rates» (FT, 12/12/15).
The website does not discuss whether this is utilized
as a convenient venue for
currency manipulation or risk limitation, but it is well known that the SNB has been heavily engaged in fixing the price of the Swiss France in order to
weaken the
currency for the benefit of the export - dominated Swiss economy.
Now, if that isn't complex enough, what if that country was attacked and their
currency weakened as well.
Asian
currencies weakened on Wednesday
as the dollar held firm near a four - month high on expectations that a strong U.S. economy would lead to more rate hikes this year.
The DOLLAR INDEX is lower by 3.2 %, which is also in contravention of conventional wisdom
as QE is done to
weaken one's
currency in an effort to aid the domestic economy.
As a result, while we decreased our exposures as these currencies weakened, the currencies for which the Fund has hedged were the same as the previous quarte
As a result, while we decreased our exposures
as these currencies weakened, the currencies for which the Fund has hedged were the same as the previous quarte
as these
currencies weakened, the
currencies for which the Fund has hedged were the same
as the previous quarte
as the previous quarter.
When it comes to
currency trading, many believe that the loonie has further to
weaken and fall due to falling gold prices and revenues of giants such
as Kinross, Goldcorp, and Barrick.
As long as Canada remains weak because of low oil prices, a weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking secto
As long
as Canada remains weak because of low oil prices, a weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking secto
as Canada remains weak because of low oil prices, a
weakened currency and a general slowdown of the world economy, we'll continue to see opportunities in the beaten down Canadian banking sector.
The recent investigation into the big dealmakers comes
as Beijing rolls out new capital controls to stabilize the country's
weakening currency and promote domestic investment.
Profits at Japanese automakers have surged in yen terms
as the Japanese
currency weakened against the U.S. dollar over the past year, helped by a mammoth Bank of Japan effort to expand the money supply and ignite inflation to end years of economic stagnation.
In my letter Prepare for a Crisis, I wrote that, «Japan's new Prime Minister, Shinzo Abe, has once again set the stage for a potential global
currency war, announcing plans to create money and buy bonds
as the government looks to stimulate their
weakening economy.»
The value of such investments can change significantly
as currencies strengthen or
weaken relative to the U.S. dollar.
Just
as emerging market downturns tend to coincide with periods of
weakening EM
currencies, bull markets in emerging markets are inclined to feature corresponding appreciation in EM
currencies.
Commodity - driven
currencies like the Canadian, Australian and New Zealand dollars are also likely to
weaken against the greenback
as commodity prices fall.
For US Dynamic Hedging clients during the quarter, hedging returns in the programmes were negative,
as the US dollar
weakened against the weighted basket of hedged
currencies.
[1] That has been changing
as the spreads between hedged international equity portfolios and unhedged international equity portfolios has widened considerably in recent months, and they may widen even more, all else being equal, if other major
currencies continue to
weaken relative to the U.S. dollar.
During the year, mandates for our UK - based Dynamic Hedging clients performed
as expected in terms of allowing clients to benefit from periods of strengthening foreign
currencies, whilst being protected against periods of
weakening foreign
currencies.
It's being reported this morning that Argentina, already in the midst of a severe economic turndown
as a result of
weakening commodity prices and international market conditions, is seizing $ 29 billion in pension assets, this after the country announced a few days ago that it would be devaluing its
currency from its current rate of -LSB-...]
Years of international sanctions
weakened the Iranian economy
as political conflicts devalued local
currency, the rial.
Bitcoin is back to its winning ways
as the world's leading free - market digital
currency surges on Tuesday against a
weakening US dollar due to recent commentary from President - elect Donald Trump.
In the Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «
weakening» these mining operations within the region; Ethereum at a crossroad
as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital
currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page report.
For example, a side effect of a rising dollar and thereby
weakening commodity prices, is that EM
currencies such
as the Brazilian Real and Russian Rubble suffer.