SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Horgad who wrote (385130)4/29/2009 2:37:31 PM
From: Elroy Jetson   of 436258
 
The Fed is not using currency swaps to support or raise the value of the Dollar. The writer of the marketoracle.co.uk article got that part all wrong.

The Fed, and the central banks participating in these currency swaps, are doing this as "quantitative easing" aka money printing - to expand the money supply in order to offset the decline in monetary velocity.

These swaps will tend to lower the value of both currencies involved in each swap, relative to other currencies. But rest assured almost all currencies are involved in swaps.

My perception is the current down-tick in Dollar value is swine flu news, which is affecting the Mexican Peso far more.

futures.tradingcharts.com
.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News