http://www.freerepublic.com/tag/usdollars/ en-us Tue, 4 Apr 2006 04:11:36 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/1608725/posts BEIJING (Reuters) - China should gradually reduce its holdings of U.S. debt and can stop buying dollar-denominated bonds, a Hong Kong newspaper on Tuesday quoted Cheng Siwei, a vice chief of China's parliament, as saying. With China a leading financier of the U.S. current account deficit, Cheng's comments sent the dollar lower against the euro and yen and also pushed down prices of U.S. government bonds. The Beijing-funded Wen Wei Po daily carried Cheng's comments, made in Hong Kong on Monday, but it was not immediately clear whether they reflected those of top decision makers who determine the content of... Reuters/ Yahoooo http://www.freerepublic.com/focus/f-news/1608725/posts#comment Tue, 4 Apr 2006 04:11:36 GMT http://www.freerepublic.com/focus/f-news/1290141/posts Have you checked the value of your stocks or your real estate lately? In euros? Or British pounds? Has it all sadly disappeared seemingly while you were sleeping? Looking at the dire prognostications of currency analysts on television or in the newspapers lately would lead one to believe that all of your assets are evaporating like raindrops on a Phoenix sidewalk in August. Given the depth of the dread, I’m surprised that some of the Wall Street brokerage firms haven’t taken advantage of all this gloom by selling a currency-hedging strategy to consumers that would prevent the disappearance of home... CHRONWATCH.COM http://www.freerepublic.com/focus/f-news/1290141/posts#comment Mon, 29 Nov 2004 06:45:30 GMT http://www.freerepublic.com/focus/f-news/1038178/posts At this week's monetary-policy meeting, the Federal Reserve took the first baby step toward making small interest-rate increases next year. The central back acknowledged that deflation is no longer a problem and that the economy is growing briskly. Wisely, the Fed appears to be taking account of forward-looking market indicators, such as rising gold, higher raw-material commodity prices and a declining dollar, all of which signal that the obstacle of deflationary price declines has been removed and that world economic recovery has begun. Next year, the Fed will slowly narrow the 1 percentage point gap between the fed funds policy... TownHall.com http://www.freerepublic.com/focus/f-news/1038178/posts#comment Thu, 11 Dec 2003 06:25:13 GMT http://www.freerepublic.com/focus/f-news/1033084/posts Since the end of the Bretton Woods agreement in 1971, the dollar has been an irredeemable currency, no longer defined or measured in terms of gold.  Nonetheless, in an ironic twist, it has become the world’s dominant currency and the core reserve asset of central banks all over the world. It has replaced gold as an international currency.  The transformation has not happened without consequences. One of these is that the discipline imposed by the gold standard is no longer operative. Another consequence, related to the first, is the profound effect this has had on international trade. The Discipline of Gold In the... Mises.org http://www.freerepublic.com/focus/f-news/1033084/posts#comment Wed, 3 Dec 2003 17:02:06 GMT http://www.freerepublic.com/focus/f-news/1011882/posts US25m bounty on al-Qaeda leader From correspondents in Washington October 31, 2003 THE United States today offered up to $US25 million for clues leading to the arrest of Abu Musab al-Zarqawi, linked to al-Qaeda leader Osama bin Laden and said to be recruiting fighters in Iraq. The bounty is one of the highest ever offered under the State Department's "Rewards for Justice" program and matches that offered for bin Laden himself and ousted Iraqi president Saddam Hussein, officials said. The reward was announced without comment when information about it was posted to the program's website (www.rewardsforjustice.net) which is run in... AFP http://www.freerepublic.com/focus/f-news/1011882/posts#comment Fri, 31 Oct 2003 06:03:12 GMT http://www.freerepublic.com/focus/f-news/1006936/posts MADRID : The chief of the US occupation authority in Iraq rejected allegations that billions of dollars in Iraqi oil revenue and other funds earmarked for the reconstruction of the country had gone missing in "opaque" bank accounts. Paul Bremer, head of the Coalition Provisional Authority, said all funds were being spent or transferred in a "completely transparent" way and that auditors' accounting of CPA expenditures from those funds would soon be posted on the internet and provided to an oversight board. "The entire accounts of the Development Fund for Iraq will be posted on the internet and made available... Channel News Asia http://www.freerepublic.com/focus/f-news/1006936/posts#comment Fri, 24 Oct 2003 00:35:29 GMT http://www.freerepublic.com/focus/f-news/1006636/posts Christian Aid calls on U.S.-appointed regime to become more transparent JILL LAWLESS ASSOCIATED PRESS LONDON (AP) — The U.S.-run body governing Iraq has failed to account for billions of dollars allocated for rebuilding the country, a prominent British aid group said today. Christian Aid said in its report that the Coalition Provisional Authority had only explained publicly how it had spent $1 billion (U.S.) of the $5 billion in Iraqi funds it has been given for the country's redevelopment. The funds include $1 billion from the former United Nations Oil for Food program, $2.5 billion in assets seized from Saddam... Associated Press http://www.freerepublic.com/focus/f-news/1006636/posts#comment Thu, 23 Oct 2003 16:13:10 GMT http://www.freerepublic.com/focus/f-news/1000440/posts MOSCOW, Oct 12 (AFP) - Oil men and investment bankers are throwing money around expensive nightspots in Moscow these days as investors crowd into Russia again to get a slice of the action in one of the world's hottest economies. With the Moscow stock market already at all-time highs after rocketing past a level not seen since before the 1998 financial crash, fresh euphoria erupted when Moody's upgraded Russia's credit rating Thursday to investment grade. "Russia's economy is extremely solid and its prospects are excellent," enthused Christopher Granville of the Moscow-based brokerage United Financial Group, hailing the move as a... AFP http://www.freerepublic.com/focus/f-news/1000440/posts#comment Mon, 13 Oct 2003 20:15:59 GMT http://www.freerepublic.com/focus/f-news/996276/posts Remittances are Mexico's biggest source of income, says Fox By Luis Alonso Lugo ASSOCIATED PRESS 8:51 p.m. September 24, 2003 NEW YORK ? Money sent from Mexican workers in the United States to their families back home has reached a record $12 billion in 2003, Mexican President Vicente Fox said Wednesday. Remittances "are our biggest source of foreign income, bigger than oil, tourism or foreign investment," Fox told reporters after a meeting with Mexican-American businessmen. "The 20 million Mexicans in the United States generate a gross product that is slightly higher than the $600 billion generated by Mexicans in Mexico,"... ASSOCIATED PRESS http://www.freerepublic.com/focus/f-news/996276/posts#comment Mon, 6 Oct 2003 23:07:30 GMT http://www.freerepublic.com/focus/f-news/993350/posts Ankara, TURKEY, September 30, 2003 - Both American and Turkish officials have confirmed that the US$8,5 billion loan is tied to a condition that Turkish troops not enter Northern Iraq. In a statement before the Cabinet Council meeting yesterday, Deputy Prime Minister Mehmet Ali Sahin has confirmed just that. “The U.S. Senate determined conditions for the credit. This is one of them,” said Sahin. Minister of Justice and government spokesman Cemil Cicek also confirmed the condition in similar terms. American officials also added their comments. A US official, who wanted to remain anonymous, said: “The condition for Turkish troops not... Zaman http://www.freerepublic.com/focus/f-news/993350/posts#comment Thu, 2 Oct 2003 01:05:57 GMT http://www.freerepublic.com/focus/f-news/992811/posts WASHINGTON - Republicans muscled President Bush's $87 billion plan for Iraq and Afghanistan through a Senate committee Tuesday but signaled they may ultimately defy the White House and structure some of the aid as a loan. The Senate Appropriations Committee approved the bill 29-0, with Democrats reluctant to oppose a bill dominated by funds for U.S. troops. But the unanimous tally belied sharp partisan divisions over $20.3 billion included for Iraqi reconstruction. With even GOP senators flashing signs of unease over the Iraq rebuilding money, the panel's chairman said a bipartisan compromise was being explored to provide some of the... AP http://www.freerepublic.com/focus/f-news/992811/posts#comment Wed, 1 Oct 2003 08:42:42 GMT http://www.freerepublic.com/focus/f-news/990944/posts     WASHINGTON -- A slide in the value of the U.S. dollar has spooked stock and bond markets this week, a reminder that a dollar crash could devastate the U.S. and global economies.     A rise or fall in the value of the dollar against other currencies matters little by itself for most consumers, unless they travel overseas. Yet a sudden change in the exchange rate can indirectly raise or lower the cost of goods in the stores, influence job-creation, investment and mortgage-interest rates and shrink the value of retirement portfolios.     In recent years, foreigners buying dollars -- and... The Salt Lake Tribune http://www.freerepublic.com/focus/f-news/990944/posts#comment Sun, 28 Sep 2003 12:53:18 GMT http://www.freerepublic.com/focus/f-news/990903/posts Money sent from Mexican workers in the U.S. to their families back home has reached a record $12 billion this year, Mexican President Vicente Fox said last week. Remittances "are our biggest source of foreign income, bigger than oil, tourism or foreign investment," Fox told reporters after a meeting with Mexican-American businessmen in Manhattan. "The 20 million Mexicans in the United States generate a gross product that is slightly higher than the $600 billion generated by Mexicans in Mexico," Fox said, adding that his country has the ninth-largest economy in the world. "If we could add up the two products,... AP http://www.freerepublic.com/focus/f-news/990903/posts#comment Sun, 28 Sep 2003 08:49:53 GMT http://www.freerepublic.com/focus/f-news/989615/posts <p>BAGHDAD — When Massoud Mazouri learned that the U.S.-led coalition had ousted Saddam Hussein from power on April 9, he hurried to Baghdad from his home in northern Iraq to set up an electronics business.</p> <p>Now the 28-year-old Kurdish merchant is selling televisions and satellite receivers at a brisk pace to gadget-starved shoppers. It's among the first signs that Iraq's larger economy is coming to life.</p> USA Today http://www.freerepublic.com/focus/f-news/989615/posts#comment Fri, 26 Sep 2003 00:34:37 GMT http://www.freerepublic.com/focus/f-news/988606/posts Advertising authorities in Moscow have banned a poster campaign showing the euro having sex with the US dollar. The campaign, by the Russian Finance magazine, was judged immoral by the Moscow Committee for advertising and information, reports Izvestia. Advertising company News Outdoor had to tear down 100 posters overnight in Moscow, after receiving a warning letter from the committee chairman Igor Presnyakov. Magazine publisher Igor Maltsev said he did not realise what the posters were supposed to represent. "I thought the currencies were dancing on our poster," he said. "But after hearing from Mr Presnyakov I saw that, yes,... Ananova http://www.freerepublic.com/focus/f-news/988606/posts#comment Wed, 24 Sep 2003 17:08:02 GMT http://www.freerepublic.com/focus/f-news/987482/posts <p>American troops in Iraq will continue to be in danger if Congress does not quickly pass the president's $87 billion emergency funding request, the American administrator in Iraq, L. Paul Bremer, told senators yesterday.</p> <p>"Some Iraqis are beginning to regard us as occupiers and not as liberators. Some of this is inevitable, but faster progress on reconstruction will help," Mr. Bremer told the Senate Appropriations Committee.</p> Washington Times http://www.freerepublic.com/focus/f-news/987482/posts#comment Tue, 23 Sep 2003 05:44:35 GMT http://www.freerepublic.com/focus/f-news/987448/posts <p>WASHINGTON (AP) -- The administration wants $100 million for an Iraqi witness protection program, $290 million to hire, train and house thousands of firefighters, $9 million to modernize the postal service, including establishment of ZIP codes.</p> <p>A Bush administration document, distributed to members of Congress and obtained by The Associated Press, goes far beyond the details officials have publicly provided for how they would spend the $20.3 billion they have requested for Iraqi reconstruction.</p> AP/CNN http://www.freerepublic.com/focus/f-news/987448/posts#comment Tue, 23 Sep 2003 03:36:14 GMT http://www.freerepublic.com/focus/f-news/987321/posts <p>The administration wants $100 million for an Iraqi witness protection program, $290 million to hire, train and house thousands of firefighters, $9 million to modernize the postal service, including establishment of ZIP codes.</p> <p>A Bush administration document, distributed to members of Congress and obtained by The Associated Press, goes far beyond the details officials have publicly provided for how they would spend the $20.3 billion they have requested for Iraqi reconstruction.</p> Associated Press http://www.freerepublic.com/focus/f-news/987321/posts#comment Mon, 22 Sep 2003 23:26:04 GMT http://www.freerepublic.com/focus/f-news/984904/posts Thu September 18, 2003 10:09 AM ET By Glenn Somerville KABUL (Reuters) - U.S. Treasury Secretary John Snow said on Thursday he hoped Afghanistan would receive around $2 billion in extra aid, warning that failure to rebuild the war-ravaged country "cannot be an option." On a lightning visit to Kabul, where he met senior officials including President Hamid Karzai, Snow said the United States had pledged around $1 billion in extra donations, and that the amount should be matched by the rest of the world. "The U.S. has talked in terms of a billion dollars and we've said we want... Reuters http://www.freerepublic.com/focus/f-news/984904/posts#comment Thu, 18 Sep 2003 15:05:39 GMT http://www.freerepublic.com/focus/f-news/984614/posts The United States has paid Thailand a bounty of 10 million dollars for its capture of Asia's most wanted man Hambali, Thai Prime Minister Thaksin Shinawatra said yesterday. "We have received 10 million dollars. Part of the money will be distributed to officers involved in the operation, the rest will fund foundations to oversee the welfare of officers injured in the line of duty," the premier said. Thaksin said security agencies involved in the capture of Asia's top terrorist suspect will receive fair shares of the bounty. "Don't worry, the United States has specified which agencies worked with them and... eTaiwan News http://www.freerepublic.com/focus/f-news/984614/posts#comment Thu, 18 Sep 2003 03:52:44 GMT http://www.freerepublic.com/focus/f-news/972186/posts For education and discussion only. Not for commercial use.Standard Chartered Bank argues that the strength of the US dollar is a temporary phenomenon in an article by economist Daniel Hanna in the Middle East Standard. The US dollar is making a comeback. But the key question is whether this is a temporary phenomenon or the beginning of a new bullish trend for the dollar. We believe it will be temporary, lasting for a couple of months and may leave EUR/USD vulnerable to test 1.07 in this period. The reason for our revised view from (EUR/USD 1.15 end Q3) rests with... AME Info http://www.freerepublic.com/focus/f-news/972186/posts#comment Thu, 28 Aug 2003 18:13:57 GMT http://www.freerepublic.com/focus/f-news/966790/posts Jakarta: Hambali is known to have sent funds totalling 45,000 US dollars to "bomb" Indonesia through a Malaysian national given the alias Li-Li. It is now being analysed to find out if this money was used for the Marriott bombing. This was announced by Indonesia's senior detective Commissioner General Erwin Mappasang at a press conference in Jakarta police headquarters today (Tuesday 19 August). "The police are still investigating whether or not Hambali played a role in the Marriott bombing because it is certainly known that a Malaysian citizen arrested in Thailand under the alias Li-Li was sent 45,000 US dollars... BBC Monitoring http://www.freerepublic.com/focus/f-news/966790/posts#comment Tue, 19 Aug 2003 20:05:57 GMT http://www.freerepublic.com/focus/f-news/965809/posts Europe pines for big-spending US tourists By Mark Rice-Oxley | Special to the Christian Science Monitor LONDON - Down at Westminster Pier, where the river cruisers come and go in the unusually hot August sunshine, a chatter of languages floats ashore on a merciful breeze. French, Arabic, Hindi, Russian, Spanish. Tourism, it seems, is alive once more. But one tongue is barely heard. That instantly recognizable American accent, usually so audible in tourist spots around European capitals, is all but silent. It's not that the US contingent is unusually quiet. It's that it is barely present. "My son was just... CSmonitor http://www.freerepublic.com/focus/f-news/965809/posts#comment Mon, 18 Aug 2003 05:37:43 GMT http://www.freerepublic.com/focus/f-news/965031/posts BAGHDAD, Iraq — A little baksheesh can go a long way in Iraq. At least, that is what U.S. military commanders hunting for Saddam Hussein and his loyalists are hoping. American troops began this month handing out rewards (such “tips” are known in Arabic as baksheesh) to anyone who gives them credible information on the whereabouts of the fugitive former Iraqi leader or any of his elusive supporters. With unemployment in Iraq around 70 percent, soldiers are turning to an incentive that has been successful since Mesopotamians settled on the Tigris and Euphrates rivers thousands of years ago. “The hope... Stars and Stripes http://www.freerepublic.com/focus/f-news/965031/posts#comment Sat, 16 Aug 2003 02:16:16 GMT http://www.freerepublic.com/focus/f-news/960620/posts <p>Dollar Gains Against Euro as Leading European Economies Stall Aug. 8 (Bloomberg) -- The dollar had its biggest gain in a week against the euro on optimism economic recovery in the U.S. will outpace growth in Europe, boosting demand for dollar- denominated assets.</p> Bloomberg http://www.freerepublic.com/focus/f-news/960620/posts#comment Fri, 8 Aug 2003 17:14:51 GMT