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davepamn davepamn
 
M$2 June 01, 2009 07:49 PM

Explain why the dollar is falling against the British pound?

How does a falling dollar affect US treasury rates?
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tracebooks tracebooks
 
 June 01, 2009 09:24 PM
According to a 45-minute old press release by the Wall Street Journal, it's because of "encouraging data" and stronger stocks leading investors to be a little more willing to take risks--and some of those risks are currencies other than the dollar, as data indicates that the world economy is recovering.

Reuters says the same thing. In addition, the U.K. housing market prices have stabilized, and their stock market has been up three months running.
Source(s):
http://online.wsj.com/article/BT-CO-20090601-713918.html

http://www.rttnews.com/Content/CurrencyMarket.aspx?Node=b3&Id=965108

Asker's Rating:
• So the implication is that Stocks are more interesting than bonds and causing the yield rates to rise to keep money from flowing out.


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davepamn davepamn
 
June 01, 2009 10:18 PM
Do you believe the Euro fundamentals are stronger than the dollar. The US manufacturing seems much stronger than Europe. US productivity is relatively strong. I'm perplexed at the Euro's gains over the dollar.

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davepamn davepamn
 
June 02, 2009 03:45 AM
Does a stable UK housing market justify the Euro strength against the dollar?

I think the Euro is not fundamental stronger than the dollar. It seems like the momentum traders are temporarily driving the Euro up with contract purchases.

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tracebooks tracebooks
 
June 02, 2009 04:00 AM
Yes, I think your second comment sums it up.

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tenor11 tenor11
 
June 01, 2009 08:20 PM
One reason it is falling is beacause we are so heavily in debt due to the spending of our government past and particularly the present administration. We are in debt up to our eyeballs and it is only going to get worse if universal healthcare is passed.

Also, to cover some of the debt the government is increasing the money supply and when there is more of something the demand decreases. When demand decreases so does the value. Example, look at home prices for example. Too many homes and not enough buyers and the prices drop.

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