Alasdair Macleod: The decline of the dollar -- the consequences
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, October 22, 2015
There are signs that the U.S. dollar, instead of consolidating the sharp rise that peaked last March, might be reversing its previously rising trend.
Certainly a weakening dollar fits with the Federal Reserve Board's deferring attempts to raise interest rates from the zero bound, and reflects the growing chatter that negative rates cannot be ruled out. It should also interest us that there is evidence the Americans are beginning to take seriously the threats to the dollar's hegemonic status, and this is no longer just seen as a speculative possibility. ...
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