IFO-Sinn will mit $30 Mrd den Euro-Kurs um 10 cent drücken

verfasst von kingsolomon, 07.02.2004, 16:17

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Nicht so zimperlich mit dem Intervenieren...


Reuters
Top German economist urges ECB forex intervention
Saturday February 7, 5:47 am ET


BERLIN, Feb 7 (Reuters) - The head of a leading German think tank, Ifo, said on Saturday the European Central Bank should intervene in foreign exchange markets to prop up the weakening dollar.

"If the dollar continues to weaken, the ECB must sell euros for dollars," economist Hans-Werner Sinn, head of the Munich-based Ifo research institute, told Der Spiegel news magazine. He said the ECB shouldn't be overly cautious.

"A central bank that wants to devalue (a currency) can on its own certainly have an impact on the market forces," he said. He said that studies have found that the ECB would have to sell $30 billion to cause a lasting 10-cent decline of the dollar.

He said the other way to counter the euro's weakness -- lowering interest rates -- was not advisable because the economy in the euro zone was about to recover and likely to see higher interest rates in the medium-term.

Group of Seven (G7) finance ministers and central bankers are currently meeting in Florida and discussing exchange rates.

Policy-makers in Europe have stressed the risks that the dollar's fall poses to euro zone exporters. A stronger euro makes euro zone exporters' products more expensive outside the currency bloc.

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gesamter Thread:

• IFO-Sinn will mit $30 Mrd den Euro-Kurs um 10 cent drücken - kingsolomon, 07.02.2004, 16:17
  • Re: IFO-Sinn will mit $30 Mrd den Euro-Kurs um 10 cent drücken - CRASH_GURU, 07.02.2004, 16:31
    • Re: IFO-Sinn will mit $30 Mrd den Euro-Kurs um 10 cent drücken - Popeye, 07.02.2004, 17:16
      • Geht einfacher: paar Billionen Dollars kaufen ;) - Turon, 07.02.2004, 18:08
    • Re: IFO-Sinn.. Soll mir jetzt Angst und Bange werden ( wegen den"Experten" ) - JoBar, 07.02.2004, 18:34
  • Re: IFO-Sinn will mit $30 Mrd den Euro-Kurs um 10 cent drücken - Vlad Tepes, 07.02.2004, 16:49
  • Let the dollar drop - Helmut, 07.02.2004, 17:31
  • Beim Barte des Propheten! mkT, mB, mL + mnmP* - Tobias, 07.02.2004, 18:52