Tag: US dollar

• Thursday, January 6th 2011 - 11:56 UTC

  Gold forecasted to break above 1.500 USD in 2011 after 29% rise in 2010

  

  Gold closed 2010 with its strongest annual performance since 2007 and marking a fifth straight month of gains in December, driven by a weaker dollar and global economic uncertainty.

• Saturday, December 18th 2010 - 00:22 UTC

  Chilean Senators warn about ‘social impact’ of cheap US dollar for farm areas

  

  Senators representing agricultural parts of Chile strongly criticized the Central Bank and President Sebastian Piñera this week for turning a deaf ear to the “social, cultural and economic problems” created by the falling value of the US dollar, now hovering at 470 pesos to the dollar.

• Wednesday, December 8th 2010 - 17:11 UTC

  US dollar to strengthen, but US fiscal health worse than Europe’s warns China

  

  The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the Euro zone's troubles but the US fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.

• Thursday, November 11th 2010 - 06:16 UTC

  “The dollar strength rests on the fundamental strength of the US economy”

  

  Following is a text of a letter from President Barack Obama to G20 leaders due to meet in Seoul from tomorrow. The letter was sent on Tuesday.

• Wednesday, October 20th 2010 - 01:02 UTC

  Geithner vows not to devalue the dollar for export advantage

  

  Treasury Secretary Timothy Geithner vowed that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health.

• Wednesday, October 20th 2010 - 00:57 UTC

  World Bank warns the US about consequences of dollar liquidity

  

  Surging capital inflows threaten Asia's economic stability, the World Bank warned after Treasury Secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.

• Thursday, October 14th 2010 - 05:37 UTC

  Gold hits a new record as investors seek protection against sinking US dollar

  

  World stocks jumped to a six-month high, gold hit another record, and the dollar weakened on Wednesday on expectations that the US Federal Reserve will further loosen monetary policy, boosting risk appetite.

• Thursday, September 16th 2010 - 02:36 UTC

  Gold surges to a new all time high of 1.274,75 per ounce

  

  The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.

• Monday, August 16th 2010 - 18:56 UTC

  U.S. Dollar Direction In 2nd Half of 2010

  

  The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.

• Thursday, August 12th 2010 - 18:11 UTC

  US Dollar Drops To Its Lowest Level In Six Months

  

  Globally the US dollar has been sinking this year and the Chilean peso has fared particularly well against it.