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Weak dollar is not the weekend’s G7 meeting, to become a key issue.

10 October 2009 414 views No Comment

Weak dollar is not the weekend's G7 meeting, to become a key issue, Weak dollar is not the weekend’s G7 meeting, to become a key issue, after the statement, also in April summit, roughly identical, the U.S. dollar weakness is not expected to be significant impact, but the meeting had been hoping to investors will probably feel disappointed that in some of the impact of boosting economic indicators, the dollar rebounded last week though, but the tone seems to have entrenched a weaker dollar. The Reserve Bank of Australia this week will have a Bank of England and European Central Bank meeting on interest rates, even though the market does not expect changes in interest rates, but the major central bank’s post-meeting statement will be the investors to seek clues on the prospects for future rate hikes. In addition, the market of concern about the U.S. economic indicators will not fade away, the U.S. economic trends as a barometer of the prospects for global economic recovery, market risk sentiment also will be ups and downs.
 
 Morgan Stanley (Morgan Stanley) in New York, chief global currency strategist at Sophia Drossos, said: “Investors had expected (all countries against the U.S. dollar) words can be upgraded, even though investors are confused officials of making phone calls in changeable dizziness dazzling, but the market did not see the official hard-line stance against U.S. dollar weakness, so I think that a weaker dollar will once again become dominant. ”
Harvard professor Niall Ferguson that “does not appear if the depreciation of U.S. dollars next year, it would be very strange, the dollar will face downward pressure, which is helping the United States favorable conditions for economic recovery.”

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