New Reserve Currency Threatening the Dollar Again
John Lipsky, First Deputy Managing Director at the IMF, said that creating a new reserve currency to replace the dollar is possible, and he also elaborated how. This news, that came over the weekend, could hurt the dollar’s comeback. In a panel in Saint Petersburg, Russia, Lipsky said that such a step would be revolutionary, [...]
Forex Links For The Weekend
Here are some interesting forex-related reads that I found on my regular blogs / sites that I read. Kathy Lien explains about seasonality in USD/CAD. Market Skeptics details about the IMFs Special Drawing Rights (SDR). Forex blog discusses how the Chinese Yuan vies for a Reserve Status, and this impacts other currencies. Macro Man talks [...]
Yen Dollar Correlation – Upside Story
The US dollar and the Yen continue to work in correlation, and today, the dollar made gains – the Yen extended them. I’ve written in the past about the Dollar Yen Correlation. In previous events, such as the FOMC Trillion dollar printing statement, the dollar weakened, and then the Yen weakened even more. Today, it [...]
