Dutch Central Bank Sale Announcement Imminent? Message Board

STOCKTALK

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.

Politics : Dutch Central Bank Sale Announcement Imminent?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sea_urchin who wrote (22844)	4/7/2005 6:03:39 PM
From: sea_urchin	Read Replies (1) of 81378

> The natural adjustment mechanism for America’s rapidly growing foreign liabilities would be a declining dollar, which would lower demand for imports and make America’s exports more attractive on foreign markets. But the Asian central banks are stalling this process because they want to keep their currencies from appreciating against the dollar and thus becoming less competitive—and buying sackloads of dollars and then dumping them into US Treasuries achieves just that. freenewmexican.com >>Bristling at U.S. criticism of its tight currency controls, China said Thursday that Washington should instead improve its own financial discipline to ease its ballooning trade deficit. Instead of casting blame elsewhere, "the United States should find reasons from its own country to address the economic imbalance," said Foreign Ministry spokesman Qin Gang, at a regular news briefing. He was responding to a question about a U.S. Senate proposal to use tariffs to force China to relax its policy of fixing its currency at 8.28 to the U.S. dollar. Washington contends the policy gives Chinese exporters an unfair price advantage, contributing to the mounting U.S. trade deficit with China, which hit US$162 billion last year. Beijing has pledged to loosen its currency controls, but says it cannot do so right away due to the fragility of its own financial systems. If a country _ such as the United States _ cannot support its deficits with domestic savings, "it can only depend on the savings of foreign countries," Qin said.<<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next