1. If a Currency Can Feel, The Dollar Feels Vulnerable.
- Author
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Fuerbringer, Jonathan
- Subjects
- *
U.S. dollar , *BALANCE of payments , *CENTRAL banking industry , *RESERVES (Accounting) , *STOCK prices , *BOND prices , *INTEREST rates - Abstract
Reports that the vulnerability of the dollar can be traced to a fear that the U.S. will not be able to attract the funds from abroad needed to cover its current-account deficit. Announcement of several Asian central banks that they were not selling dollars or intending to sell dollars to diversify their reserves into other currencies; Effect of the dollar sell-off on stock and bond prices and interest rates; Contribution of central banks to the flow of funds from abroad to cover the current-account deficit.
- Published
- 2005