US: Dollar index falls
THE ECONOMIES OF JAPAN, CHINA, GERMANY AND FRANCE ARE ALREADY GROWING AGAIN.
The Dollar Index fell for a sixth day, its longest losing streak since March, after reports showed China’s factory output and lending gained by more than economists estimated, spurring demand for emerging-market assets.
The euro rose to a nine-month high against the dollar on signs
Europe’s recession is abating. The pound climbed to the strongest in a month versus the dollar before a report forecast to show producer prices gained a second month. U.K.
The yen strengthened for a second day against the euro amid speculation Japanese exporters are repatriating earnings.
“Solid data in
Chinashow economic fundamentals are improving, weighing down on the dollar,” said Koji Fukaya, a senior currency strategist in at Deutsche Bank AG. “Risk appetite is coming back.” Tokyo
The Dollar Index, which tracks the greenback against the currencies of six major
U.S.trading partners including the euro, yen and pound, retreated to 76.627 as of 7:48 a.m. in Londonfrom 76.817 in . The gauge earlier touched 76.511, the weakest level since Sept. 25, 2008. New York
The euro rose to $1.4596 from $1.4582. It earlier gained to $1.4627, the highest level since Dec. 18. The yen increased to 133.11 per euro from 133.76.
’s currency was at 91.20 per dollar from 91.73. It touched 91.00, the strongest since Feb. 13. Japan
The pound appreciated to $1.6699 from $1.6651 yesterday. It earlier touched $1.6742, the highest level since Aug. 7.
BUT OBAMA'S USA ISN'T, AND THE WORLD HAS DECIDED THAT OBAMA AND THE USA ARE NOT A GREAT BET RIGHT NOW.
IF OBAMACARE FAILS THEN THE DOLLAR WILL REBOUND.
AND SO WILL THE USA.
IF IT DOESN'T THEN WE'RE HEADED THE WAY OF WEIMAR AND POST WW2 BRITAIN ZIMBABWE AND CUBA.