Mercado parado consolidar
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Ó JAOR...
Andas com boas fontes de informação. Escrevemos a mesma noticia aqui no caldeirão.
(Mas eu pus um minuto antes
)
Deixa lá, a noticia até é importante.
Beijinhos
Visitante, já postei uma notícia sobre o facto do petróleo ter atingido os mínimos de 2 meses e olhe q o Secretário do Tesouro americano ñ disse q ñ ia travar a queda do dólar
O título da noticia é ``We support a strong dollar -- a strong dollar is in America's interest,'' ...
Já se o vão mesmo fazer ou não é outra conversa completamente diferente...
Andas com boas fontes de informação. Escrevemos a mesma noticia aqui no caldeirão.
(Mas eu pus um minuto antes
)
Deixa lá, a noticia até é importante.
Beijinhos
Visitante, já postei uma notícia sobre o facto do petróleo ter atingido os mínimos de 2 meses e olhe q o Secretário do Tesouro americano ñ disse q ñ ia travar a queda do dólar
O título da noticia é ``We support a strong dollar -- a strong dollar is in America's interest,'' ...
Já se o vão mesmo fazer ou não é outra conversa completamente diferente...
Só receberás aquilo que és ou no que verdadeiramente te tornares.
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- Mensagens: 1012
- Registado: 5/6/2004 15:17
- Localização: Capital do outrora Império
Nov. 15 (Bloomberg) -- The U.S. supports a ``strong dollar,'' Treasury Secretary John Snow said, making his first remarks on the currency since George W. Bush was re-elected president on Nov. 2.
``We support a strong dollar -- a strong dollar is in America's interest,'' Snow told reporters in Dublin today. ``Currency values are best set in open and competitive exchange markets.''
Snow's comments repeat what the U.S. has said about the dollar since he came into office in January 2003. Measured by the Fed's Trade-Weighted Major Currency Dollar Index, the dollar has shed 21 percent since Bush took office in January 2001. Under Bill Clinton's last two Treasury secretaries, Robert Rubin and Lawrence Summers, the index advanced about 24 percent.
Expectations that the Bush administration won't protest a decline in the currency to narrow the current-account deficit prompted Goldman Sachs Group Inc. to lower its forecasts for the dollar against the euro and yen on Nov. 11.
European officials including European Central Bank President Jean-Claude Trichet have signaled increased concern about the dollar's decline. Growth in the 12-nation euro region slowed in the third quarter and the euro's increase may further curb export growth by making European goods more expensive overseas. The euro rose to a record $1.30 on Nov. 10.
Euro's Ascent
When asked about the prospect of government efforts to stem the euro's increase, Snow said: ``Our basic policy is to let open, competitive markets set the values.''
The euro fell after Snow's remarks, giving up a gain of as much as 0.2 percent. The euro was little changed at $1.2963 at 11:35 a.m. in Frankfurt. The yen traded near a seven-month high against the U.S. currency as Japan's Nikkei 225 Stock Average registered its biggest gain in six weeks.
The euro has risen about 10 percent from its low against the dollar this year of $1.1761, reached in late April. It has risen against the U.S. currency for the past three months and is up 1.3 percent so far in November, the longest streak since a 10-month advance ended in May 2003.
``We support, and long have, free trade, free flow of capital and open competitive currency markets as the foundation for a well- ordered world trading system,'' he said.
Helping Exporters
A stronger euro is helping U.S. companies such as Goodyear Tire & Rubber Co., the largest North American tire maker, Timken Co., the largest U.S. maker of automotive and industrial bearings, and Caterpillar Inc., the world's largest maker of earthmoving equipment. The companies are benefiting as they convert European sales into dollars, according to recent filings with the Securities and Exchange Commission.
Other U.S. markets have withstood the decline in the country's currency. The Standard & Poor's 500 stock index on Nov. 12 rose to 1184.17, the highest closing level since Aug. 24, 2001. The yield on 10-year Treasury notes fell to 4.18 percent Friday, down from 4.4 percent a year earlier.
``We haven't see any real disruptions in financial markets at this point,'' said Robert Hormats, a vice chairman at Goldman Sachs International in New York.
The U.S. for almost a decade has maintained a policy of stating its support for a ``strong'' dollar, and the era of dollar dominance, characterized by a 17 percent gain under former U.S. Treasury Secretary Robert Rubin, is ending.
`Never Say Never'
The U.S. hasn't taken steps to boost the dollar since August 1995 when it sold $300 million in yen and $400 million in deutsche marks, Treasury data show. Since then, it has acted in foreign- exchange markets only twice, both times to weaken the dollar: buying yen in June 1998 and euros in September 2000.
When asked Feb. 9 when the euro was at $1.2701 whether governments should buy and sell currencies to influence foreign exchange rates, Snow said such ``interventions should be kept to a minimum, but we never say never, either.''
The Exchange Stabilization Fund, which the U.S. Treasury can tap to trade currencies, contained $43 billion in yen, dollars and euros as of Jan. 31 -- too little to affect currency values in a for more than a short period, analysts said.
Snow's stop in Ireland's capital is his first on a weeklong trip that includes the U.K. and Poland before ending in Berlin on Nov. 20-21 for meetings with the Group of 20 developing and industrial countries.
To contact the reporter on this story:
Brendan Murray in Washington at bmurray@bloomberg.net
To contact the editor responsible for this story:
Kevin Miller in Washington at kmiller@bloomberg.net
Last Updated: November 15, 2004 05:44 EST
...................
http://quote.bloomberg.com/apps/news?pi ... refer=home
Cmpts
``We support a strong dollar -- a strong dollar is in America's interest,'' Snow told reporters in Dublin today. ``Currency values are best set in open and competitive exchange markets.''
Snow's comments repeat what the U.S. has said about the dollar since he came into office in January 2003. Measured by the Fed's Trade-Weighted Major Currency Dollar Index, the dollar has shed 21 percent since Bush took office in January 2001. Under Bill Clinton's last two Treasury secretaries, Robert Rubin and Lawrence Summers, the index advanced about 24 percent.
Expectations that the Bush administration won't protest a decline in the currency to narrow the current-account deficit prompted Goldman Sachs Group Inc. to lower its forecasts for the dollar against the euro and yen on Nov. 11.
European officials including European Central Bank President Jean-Claude Trichet have signaled increased concern about the dollar's decline. Growth in the 12-nation euro region slowed in the third quarter and the euro's increase may further curb export growth by making European goods more expensive overseas. The euro rose to a record $1.30 on Nov. 10.
Euro's Ascent
When asked about the prospect of government efforts to stem the euro's increase, Snow said: ``Our basic policy is to let open, competitive markets set the values.''
The euro fell after Snow's remarks, giving up a gain of as much as 0.2 percent. The euro was little changed at $1.2963 at 11:35 a.m. in Frankfurt. The yen traded near a seven-month high against the U.S. currency as Japan's Nikkei 225 Stock Average registered its biggest gain in six weeks.
The euro has risen about 10 percent from its low against the dollar this year of $1.1761, reached in late April. It has risen against the U.S. currency for the past three months and is up 1.3 percent so far in November, the longest streak since a 10-month advance ended in May 2003.
``We support, and long have, free trade, free flow of capital and open competitive currency markets as the foundation for a well- ordered world trading system,'' he said.
Helping Exporters
A stronger euro is helping U.S. companies such as Goodyear Tire & Rubber Co., the largest North American tire maker, Timken Co., the largest U.S. maker of automotive and industrial bearings, and Caterpillar Inc., the world's largest maker of earthmoving equipment. The companies are benefiting as they convert European sales into dollars, according to recent filings with the Securities and Exchange Commission.
Other U.S. markets have withstood the decline in the country's currency. The Standard & Poor's 500 stock index on Nov. 12 rose to 1184.17, the highest closing level since Aug. 24, 2001. The yield on 10-year Treasury notes fell to 4.18 percent Friday, down from 4.4 percent a year earlier.
``We haven't see any real disruptions in financial markets at this point,'' said Robert Hormats, a vice chairman at Goldman Sachs International in New York.
The U.S. for almost a decade has maintained a policy of stating its support for a ``strong'' dollar, and the era of dollar dominance, characterized by a 17 percent gain under former U.S. Treasury Secretary Robert Rubin, is ending.
`Never Say Never'
The U.S. hasn't taken steps to boost the dollar since August 1995 when it sold $300 million in yen and $400 million in deutsche marks, Treasury data show. Since then, it has acted in foreign- exchange markets only twice, both times to weaken the dollar: buying yen in June 1998 and euros in September 2000.
When asked Feb. 9 when the euro was at $1.2701 whether governments should buy and sell currencies to influence foreign exchange rates, Snow said such ``interventions should be kept to a minimum, but we never say never, either.''
The Exchange Stabilization Fund, which the U.S. Treasury can tap to trade currencies, contained $43 billion in yen, dollars and euros as of Jan. 31 -- too little to affect currency values in a for more than a short period, analysts said.
Snow's stop in Ireland's capital is his first on a weeklong trip that includes the U.K. and Poland before ending in Berlin on Nov. 20-21 for meetings with the Group of 20 developing and industrial countries.
To contact the reporter on this story:
Brendan Murray in Washington at bmurray@bloomberg.net
To contact the editor responsible for this story:
Kevin Miller in Washington at kmiller@bloomberg.net
Last Updated: November 15, 2004 05:44 EST
...................
http://quote.bloomberg.com/apps/news?pi ... refer=home
Cmpts
grão a grão enche a galinha o papo
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Embora ninguém possa voltar atrás e fazer um novo começo, qualquer um pode começar agora e fazer um novo fim...
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Embora ninguém possa voltar atrás e fazer um novo começo, qualquer um pode começar agora e fazer um novo fim...
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- Registado: 23/11/2002 1:43
- Localização: V. N. Gaia
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