![]() |
![]() |
![]() |
||||
Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
![]() ![]() |
|
Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
|
Thread Tools |
![]() |
#1 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
|
![]() Is this a good thing or a bad thing ?
LONDON (MarketWatch) - While foreign exchange is unlikely to be the subject of bold public pronouncements when the world's most powerful finance ministers and central bankers meet Friday in Washington, China's call for the replacement of the U.S. dollar as the world's leading reserve currency is likely to be a hot topic behind closed doors, currency strategists said. Namely, foreign-exchange traders will be looking for any clues to discussions with Chinese officials as policy makers around the world attempt to piece together the implications of remarks by China central bank governor Zhou Xiauchuan in March for the eventual replacement of the U.S. dollar as the world's main currency with special drawing rights, the quasi-currency issued by the International Monetary fund. The implication of such a policy would be a weaker dollar, as central banks move to diversify away from the world's largest reserve currency. And that's something that makes a number of policy makers, including officials from the 16-nation euro zone, nervous, analysts said. The prospect of a substantially weaker dollar is unwelcome to policy makers in the euro zone, Japan or other countries worried about their own exports. The main thrust of China's message is that it wants to diversify holdings of foreign exchange reserves in a way that more closely mimics the make-up of SDRs, said Simon Derrick, currency strategist at Bank of New York Mellon. That means going from reserve holdings that stand at more than 60% dollars to around 44%. For the euro, holdings would rise to around 34% from 31%. "You've got to read between the lines all the time," said Stephen Gallo, head of market analysis at Schneider Foreign Exchange. Over the long run, euro-zone officials are going to be more worried about the prospect of a higher euro rather than a weaker euro, he said. "All these policy makers are worried about a snap back (to lower levels) by the dollar" as the United States ramps up borrowing, said Gallo. With export powerhouse Germany and the rest of the euro-zone laid low by a collapse in global demand, a rise in the euro would be unwelcome. Jitters over such changes may explain European Central Bank President Jean-Claude Trichet's reiteration last weekend of his support for the U.S. government's "strong dollar policy," Derrick said. More here http://www.marketwatch.com/news/story/story.aspx?guid={DFCB68AC-8BC2-4359-A1CA-76542EAFBA1E}&siteid=djm_HAMWRSSMktsH |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#2 |
Confirmed User
Join Date: Aug 2008
Posts: 1,609
|
if ever what currency should be replace in dollar!!!
__________________
LUSTY LIFES : Dad & Daughter Wild Adventures : Naughty Wild Sister Contact : ICQ : 372109 Email add: [email protected] |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#3 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
|
what ????
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#5 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#6 |
Confirmed User
Join Date: May 2002
Location: European Union
Posts: 3,815
|
EURO all the way
![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |