Re: Snow begrüsst schwächeren Dollar

verfasst von monopoly, 12.05.2003, 10:17

-->Bei seinem Amtsantritt vor einigen Monaten sagte er noch, er sei für einen starken Dollar. Wie gut das diese Marionetten sowieso kaum einer Ernst nimmt.


>was haben die eigentlich zu exportieren??? Ausser Schulden, meine ich.
>Ãœbrigens, die Handelsdefizite haben die Amerikaner in erster Linie mit
>den Japanern und den Chinesen; der Yen ist bisher kaum gegen Dollar gestiegen und der Renmimbi ist bekanntlich fest mit dem USD verbunden...
>
>Dollar Falls; Snow Says Currency's Lower Value Helps Exports
>By John Brinsley
>Tokyo, May 12 (Bloomberg) -- The dollar fell to its lowest level against the euro in more than four years and dropped against the yen after Treasury Secretary John Snow said a decline in the U.S. currency ''helps exports.''
>Snow told ABC television's ''This Week'' program that the drop in the currency, which fell 21 percent against the euro in the past 12 months, ''helps exports, and I think exports are getting stronger as a result.'' In a separate interview with ''Fox News Sunday,'' he said the government will pursue a ''strong dollar'' policy by improving ''the fundamentals of the economy.''
>The dollar fell to $1.1562 per euro at 9:09 a.m. in Tokyo, from $1.1487 late in New York Friday. The U.S. currency is at its weakest since January 1999, the month the euro began trading. The dollar also fell to 116.93 yen, from 117.40 yen.
>''The fact that Snow seemed to endorse the dollar's level, saying it was good for exports, is something we haven't heard before,'' said Paul McNee, chief currency trader at Australia and New Zealand Banking Group Ltd. ''People are reading between the lines, and this makes us think they are comfortable with the dollar's weakness.'' The dollar may weaken to $1.16 per euro ''soon,'' he said.
>The dollar's fall against the yen may be limited by concerns the Bank of Japan will sell its currency to stem a 9.4 percent rise in the past 12 months, a gain that hurts Japanese exports that account for 11 percent of the economy.
>Bank of Japan
>The Bank of Japan sold 2.39 trillion yen ($20.6 billion) in the first three months of the year, helping to ease the dollar's decline.
>Japanese Finance Minister Masajuro Shiokawa last week said that ''the yen is too strong,'' signaling the nation may sell the currency again.
>The Bank of Japan sold the yen between Jan. 15 and March 10 when the currency was trading between 116.35 and 121.76 per dollar. The biggest one-day sale of yen in the period was on Feb. 27, with 361.5 billion yen. It also bought euros on seven days between Feb. 24 and March 7.
>The dollar may decline against the euro for a sixth consecutive week as higher interest rates on European debt lure capital out of the U.S.
>About two-thirds of the 38 traders, analysts and investors surveyed by Bloomberg News on Friday recommended selling the dollar for the euro. The U.S. currency fell to $1.1536 per euro on Friday as investors speculated the Federal Reserve would lower its interest-rate target from a 41-year low to bolster a slumping economy.
>Last Updated: May 11, 2003 20:11 EDT

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gesamter Thread:

• Snow begrüsst schwächeren Dollar - kingsolomon, 12.05.2003, 09:18
  • Re: übrigens, würde fast wetten, dass Duisenberg, Eichel, Waichel und Co - kingsolomon, 12.05.2003, 09:40
    • Re: Dreieckshandel - Ecki1, 12.05.2003, 09:50
  • Re: Snow begrüsst schwächeren Dollar - monopoly, 12.05.2003, 10:17
  • Hat keine andere Wahl, das Gold geht aus - Diogenes, 12.05.2003, 10:43
  • Hier in dt. / und die Ã-l nachfrage wird auch nicht helfen... - LenzHannover, 12.05.2003, 20:00