What happened to the dollar?

Discussion in 'Forex' started by reno4nook, Aug 16, 2007.

  1. Can anyone educate my on why the dollar has risen so quickly against the euro this week?

    I know stocks well but am still learning forex. Thanks.
  2. It’s because commercial traders, bankers and other forex market owners decided to strengthen the USD
  3. Visible power. Hard to believe but there are people above them.
    • nwo.gif
      File size:
      339.1 KB
  4. No,. it's just flight to quality. When global risk aversion arise and everyone is unsure where to go, the ol' USD still ranks as the first place to park your money.
  5. BJL


    USD funding needs by Eurobanks. cannot access USD cp market, so they borrow in Euroland and convert to USD.
  6. LOL; you are so old school.

    Lot of unwinding in carry trade with fund in Yen; but lot of secured debts are termed in USD; so when people rush back to Yen; they must repay them in USD first.
  7. A piece of paper backed by nothing and controlled by international bankers?
  8. This is what they want you to think.
  9. What do you think US military worth?

    If only China respects International bankers; what is cost to make Chinese military as a competing force?

    I rest my case.
  10. Yeah you rest your case in that chair you're sitting on
    #10     Aug 17, 2007