http://blog.currenciesdirect.net/index.php/2009/04/29/which-way-to-turn-next/ Foreign exchange and currency rates blog Thu, 09 Feb 2012 19:52:09 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://blog.currenciesdirect.net/index.php/2009/04/29/which-way-to-turn-next/comment-page-1/#comment-37 Phil McHugh Thu, 30 Apr 2009 10:33:50 +0000 http://blog.currenciesdirect.net/index.php/2009/04/29/which-way-to-turn-next-%e2%80%a6/#comment-37 A report from the South Korean's inferred that they were supportive of buying IMF non-Dollar denominated bonds from their foreign reserves (putting them alongside the Chinese in this respect)- this added to downward pressure on the Dollar- however realistically this is not imminently viable so you could see US dollar strength as it still stands as the most attractive reserve currency. A report from the South Korean’s inferred that they were supportive of buying IMF non-Dollar denominated bonds from their foreign reserves (putting them alongside the Chinese in this respect)- this added to downward pressure on the Dollar- however realistically this is not imminently viable so you could see US dollar strength as it still stands as the most attractive reserve currency.

]]> http://blog.currenciesdirect.net/index.php/2009/04/29/which-way-to-turn-next/comment-page-1/#comment-36 nash Wed, 29 Apr 2009 18:18:39 +0000 http://blog.currenciesdirect.net/index.php/2009/04/29/which-way-to-turn-next-%e2%80%a6/#comment-36 I see dollar strength at the back of China having to maintain a weak currency to boost their exports and hence having to increase their USD reserves by at least an additional $300/$400 bn during 2009. Europe and Japan economies don't look good. UK and US economy better positioned. Stock markets getting closer to true bottoms. I see dollar strength at the back of China having to maintain a weak currency to boost their exports and hence having to increase their USD reserves by at least an additional $300/$400 bn during 2009. Europe and Japan economies don’t look good. UK and US economy better positioned. Stock markets getting closer to true bottoms.

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