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If a Currency Can Feel, The Dollar Feels Vulnerable.

Authors :
Fuerbringer, Jonathan
Source :
New York Times. 2/24/2005, Vol. 154 Issue 53135, pC8-C8. 1/5p.
Publication Year :
2005

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.

Details

Language :
English
ISSN :
03624331
Volume :
154
Issue :
53135
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
16367508