Comments on: Factors Driving Current US Dollar Rally

By: Tom

Tom — Sun, 16 Nov 2008 06:11:21 +0000

The problem in the US is that not only our country is extremely in debt but also the single individual. We have been spending more than we earn. And the economy also has a huge trade deficit.

We pumped money into the market with very low interest rates – making people consume more and companies invest more. But these loans have to be repaid – WITH interest. The problem: The government is currently not even able to repay the full interest due. Worse, it has to lend more money to pay the interest. A vicious circle…

We should look at Europe and dont get offended when people do point fingers at us…

By: Sam

Sam — Thu, 13 Nov 2008 04:38:03 +0000

I think the answer is simple: There is nothing good going on in our economy to straighten the dollar. So why is it getting stronger? It’s because everyone else is doing far worse and waiting and hoping on us to fix the problem sooner so we can pull Europe and Asia out of the gutter. I’ve even heard Europeans blaming US for the economic problems they are having. Huh? And I thought they convinced me that they are separate sovereign countries in which the US has little if no control. Call me crazy but US is the target of all blame all the time.

By: J

Tue, 28 Oct 2008 20:31:28 +0000

When will cd rates go up???
If everyone is stashing their cash there is no need to raise those rates and they cant/wont BECAUSE THERE IS NO REAL CATALYSTS to making money to pay higher rates on CD’s.

Lets see, whats it called when unemployment is edging higher, homes are forclosed, banks arent getting paid by the customers but now they are getting bailed out by those same customers ( nice irony, eh???)

Bonds are junk
the market goes up 900 then down 500 every other day.

By: Coh

Coh — Tue, 28 Oct 2008 03:30:46 +0000

If the world went down the toilet and WW3 became real….where would you want your cash stashed? Vietnam? Russia? Switzerland? USA? Which country has the largest military in the world? That’s what safety really means.

By: BloggingBanks

BloggingBanks — Mon, 27 Oct 2008 18:59:38 +0000

It’s very funny how in our globalised world everything goes up and down in tandem domestic and foreign stocks, currencies,commodities, real estate as well as interest rates. It’s also interesting that a simple long-term CD investing strategy has outperformed S&P 500 since 1997.

By: Luigi

Luigi — Mon, 27 Oct 2008 17:51:02 +0000

Yes, there’s a certain irony – the sub-prime thing kicked it all off, went to inter-bank loans grinding to a halt, no liquidity… and then the UK find they’ve got even more of a housing mess, with the buy-to-let idiocy… and poor old Canada gets sucked in even though they have a basically sound economy at present.

USD and JPY will stay relatively strong against the other major currencies for a while yet – a good thing overall for the US, but not so good for Japan, being very dependent on exports…

By: roy

roy — Sun, 26 Oct 2008 12:56:00 +0000

USD still looks weak in long term.

By: how

how — Fri, 24 Oct 2008 19:33:28 +0000

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By: Jesse

Jesse — Fri, 24 Oct 2008 14:51:56 +0000

The USD is still the safe haven for many international investors, which is one of the main reasons the dollar has continued to strengthen against the euro. In fact, many large companies in Mexico and Brazil thought the dollar would continue to weaken, and ended up taking huge currency bets against the dollar. These companies have now lost billions, and some have gone bankrupt.

By: Zircon-212

Zircon-212 — Fri, 24 Oct 2008 11:27:01 +0000

The obvious trades do not work! It seemed so obvious that measures the U.S were taking ’should’ be dollar negative and the crowd bought into this alongside with the doomsday bloggers insisting gold at $920 was a great buy. The market had a brief sell off in the dollar but this was into a trend that already favored a stronger dollar. In the end the ‘why’ does not really matter. Stick with the trend. As my old boss in London used to say when I worked as an F/X dealer ….’bottom pickers get smelly fingers’. As some point we get a currency bounce/dollar sell off, but one can and a lot have been taken out in a pine box trying to guess that level.