[...] Art Cashin on the Dollar Related posts:Hot New Trades, Debtor’s Revolt and More Sorry for the late post, but I had to send…Update on AIG — The Latest Outrage UPDATE: The White House’s financial dynamic duo, Treasury Secretary Timothy Geither…MainStream Media Fails Again! There’s a profile on the Zero Hedge blog ( other…Why? Because They Can! Iran isn’t happy with $120 per barrel oil — it…Monday Morning Reading I’m flying back from Phoenix today. Here’s what I’m reading… [...]
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
November 3rd, 2009 at 3:01 pm
[...] Art Cashin on the Dollar Related posts:Hot New Trades, Debtor’s Revolt and More Sorry for the late post, but I had to send…Update on AIG — The Latest Outrage UPDATE: The White House’s financial dynamic duo, Treasury Secretary Timothy Geither…MainStream Media Fails Again! There’s a profile on the Zero Hedge blog ( other…Why? Because They Can! Iran isn’t happy with $120 per barrel oil — it…Monday Morning Reading I’m flying back from Phoenix today. Here’s what I’m reading… [...]