Today’s NYT has an article that on a possible greenback rally, Some See Rise Ahead for Dollar:
“Could the long dollar slide be over?
For the better part of the past decade, and particularly in the last few months, the American dollar has been the 98-pound weakling of the foreign exchange world. It has lost value against almost every other global currency — not just the euro, pound and yen but even the Romanian new leu and the Latvian lats.
Driven largely by the Federal Reserve’s policy of printing dollars to help spur a healthy economic recovery that remains stubbornly elusive, the dollar, weighed against a basket of other currencies, hit a 40-year low this month.
But betting against the dollar may no longer be such a safe play — not necessarily because of any sudden macroeconomic shifts but because of a sense that the long dollar sell-off may have finally gone too far. Since May 4, the dollar is up 4 percent against the euro and 2 percent against the pound, while rallying against the Romanian and Latvian currencies as well.
In light of the article, let’s take another look at a few Dollar charts:
US Dollar Swings
Dollar vs Major Currencies
Dollar’s Biggest Decline? 2001-08 (April 23rd, 2011)
The value of the dollar: Five factors for investors (Washington Post, April 23, 2011)
The US Dollar, Annotated (April 29th, 2011)
Some See Rise Ahead for Dollar
LANDON THOMAS Jr.
NYT, May 17, 2011
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.