Sentences with phrase «weaken the currency as»

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 quarteAs 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 quarteas these currencies weakened, the currencies for which the Fund has hedged were the same as the previous quarteas 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 sectoAs 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 sectoas 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.
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