Guest guest Posted October 26, 2009 Report Share Posted October 26, 2009 Dollar Touches 14-Month Low as Recovery Signs Spur Risk Demand Oct. 26 (Bloomberg) -- The dollar reached a 14-month low versus the euro as stocks advanced around the world on confidence that the global economy is recovering, increasing demand for higher-yielding assets. Brazil’s real and Mexico’s peso were the biggest gainers versus the dollar among the 16 most-traded currencies tracked by Bloomberg. The South Korean won was the best performer among 10 emerging Asian currencies as the nation’s economy grew at the fastest pace in seven years. “Risk is a little bit positive, and that’s helping the dollar weaken,†said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “The overall theme of the dollar weakening versus Asia is continuing.†The dollar traded at $1.5016 per euro at 9:31 a.m. in New York, compared with $1.5008 on Oct. 23. It earlier declined to $1.5063, the weakest level since August 2008. The dollar was at 91.94 yen, compared with 92.06. It earlier reached 92.21, the highest level since Sept. 21. The yen fetched 138.09 per euro, compared with 138.15. http://www.bloomberg.com/apps/news?pid=20601101 & sid=aeJULGcO6S18 Cosmologer <cosmologersamva Sent: Mon, October 26, 2009 12:39:57 PM Rising government bond yields in the USA Hello list, The prediction in March 2009 based on the SAMVA USA chart for increased concerns at this time associated with the burgeoning government debt is proving correct. In addition to a very low dollar, there are now increased expectations (concerns) that interest rates will rise. Geithner Widens Bills-to-Bonds Gap With New Sales Oct. 26 (Bloomberg) -- Treasury Secretary Timothy Geithner’s plans to lock in near record-low borrowing costs in 2010 may mean a second year of losses on longer-term bonds. ... “The Treasury will want a longer debt duration before interest rates rise,†said Tsutomu Komiya, an investment manager in Tokyo at Daiwa Asset Management Co., which oversees the equivalent of $105.8 billion. “We have to deal with sales, sales, sales. The huge issuance will make Treasury yields go higher.†... Yields on 10-year Treasuries, up from 2.04 percent in December, will jump to 4.19 percent by 2011, according the weighted average estimate of 57 economists and strategists surveyed by Bloomberg News. Two-year yields are 1.02 percent today, compared with 0.76 percent at the end of 2008. ... Higher yields may also hinder Fed Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates, his goal at the start of 2009, to lift the economy from its worst slump since the Great Depression. http://www.bloomberg.com/apps/news?pid=20601087 & sid=auBVY_IxvAk4 Thor Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 26, 2009 Report Share Posted October 26, 2009 I am bullish on dollar. As soon as transits clear, I think Dollar will rally hard and surprise many.On Mon, Oct 26, 2009 at 10:54 AM, Cosmologer <cosmologer wrote: Dollar Touches 14-Month Low as Recovery Signs Spur Risk Demand Oct. 26 (Bloomberg) -- The dollar reached a 14-month low versus the euro as stocks advanced around the world on confidence that the global economy is recovering, increasing demand for higher-yielding assets. Brazil’s real and Mexico’s peso were the biggest gainers versus the dollar among the 16 most-traded currencies tracked by Bloomberg. The South Korean won was the best performer among 10 emerging Asian currencies as the nation’s economy grew at the fastest pace in seven years. “Risk is a little bit positive, and that’s helping the dollar weaken,” said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “The overall theme of the dollar weakening versus Asia is continuing.” The dollar traded at $1.5016 per euro at 9:31 a.m. in New York, compared with $1.5008 on Oct. 23. It earlier declined to $1.5063, the weakest level since August 2008. The dollar was at 91.94 yen, compared with 92.06. It earlier reached 92.21, the highest level since Sept. 21. The yen fetched 138.09 per euro, compared with 138.15. http://www.bloomberg.com/apps/news?pid=20601101 & sid=aeJULGcO6S18 Cosmologer <cosmologersamva Mon, October 26, 2009 12:39:57 PM Rising government bond yields in the USA Hello list, The prediction in March 2009 based on the SAMVA USA chart for increased concerns at this time associated with the burgeoning government debt is proving correct. In addition to a very low dollar, there are now increased expectations (concerns) that interest rates will rise. Geithner Widens Bills-to-Bonds Gap With New Sales Oct. 26 (Bloomberg) -- Treasury Secretary Timothy Geithner’s plans to lock in near record-low borrowing costs in 2010 may mean a second year of losses on longer-term bonds. ... “The Treasury will want a longer debt duration before interest rates rise,” said Tsutomu Komiya, an investment manager in Tokyo at Daiwa Asset Management Co., which oversees the equivalent of $105.8 billion. “We have to deal with sales, sales, sales. The huge issuance will make Treasury yields go higher.” ... Yields on 10-year Treasuries, up from 2.04 percent in December, will jump to 4.19 percent by 2011, according the weighted average estimate of 57 economists and strategists surveyed by Bloomberg News. Two-year yields are 1.02 percent today, compared with 0.76 percent at the end of 2008. ... Higher yields may also hinder Fed Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates, his goal at the start of 2009, to lift the economy from its worst slump since the Great Depression. http://www.bloomberg.com/apps/news?pid=20601087 & sid=auBVY_IxvAk4 Thor Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 26, 2009 Report Share Posted October 26, 2009 Hello Rajeev, I agree, the easing of the transit affliction normally leads to a recovery. In addition to that we know that transit 8th lord Saturn will towards the end of the year enter into a close stationary aspect to natal 10th lord Mars in the SAMVA USA chart. We know that one of the indications of the 10th lord is foreign trade. At that time we could expect obstacles to US foreign trade. One possible source of problems would be a stronger dollar, reducing the price competitiveness of dollar priced goods, including autos, other US manufacturing goods and computer software. We will soon see. Thor PS it is better when list members sign their posts Rajeev Bharol <rajeev.bharolSAMVA Sent: Mon, October 26, 2009 7:40:47 PMRe: Dollar Touches 14-Month Low I am bullish on dollar. As soon as transits clear, I think Dollar will rally hard and surprise many. On Mon, Oct 26, 2009 at 10:54 AM, Cosmologer <cosmologer wrote: Dollar Touches 14-Month Low as Recovery Signs Spur Risk Demand Oct. 26 (Bloomberg) -- The dollar reached a 14-month low versus the euro as stocks advanced around the world on confidence that the global economy is recovering, increasing demand for higher-yielding assets. Brazil’s real and Mexico’s peso were the biggest gainers versus the dollar among the 16 most-traded currencies tracked by Bloomberg. The South Korean won was the best performer among 10 emerging Asian currencies as the nation’s economy grew at the fastest pace in seven years. “Risk is a little bit positive, and that’s helping the dollar weaken,†said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “The overall theme of the dollar weakening versus Asia is continuing.†The dollar traded at $1.5016 per euro at 9:31 a.m. in New York, compared with $1.5008 on Oct. 23. It earlier declined to $1.5063, the weakest level since August 2008. The dollar was at 91.94 yen, compared with 92.06. It earlier reached 92.21, the highest level since Sept. 21. The yen fetched 138.09 per euro, compared with 138.15. http://www.bloomberg.com/apps/news?pid=20601101 & sid=aeJULGcO6S18 Cosmologer <cosmologersamva Sent: Mon, October 26, 2009 12:39:57 PM Rising government bond yields in the USA Hello list, The prediction in March 2009 based on the SAMVA USA chart for increased concerns at this time associated with the burgeoning government debt is proving correct. In addition to a very low dollar, there are now increased expectations (concerns) that interest rates will rise. Geithner Widens Bills-to-Bonds Gap With New Sales Oct. 26 (Bloomberg) -- Treasury Secretary Timothy Geithner’s plans to lock in near record-low borrowing costs in 2010 may mean a second year of losses on longer-term bonds. ... “The Treasury will want a longer debt duration before interest rates rise,†said Tsutomu Komiya, an investment manager in Tokyo at Daiwa Asset Management Co., which oversees the equivalent of $105.8 billion. “We have to deal with sales, sales, sales. The huge issuance will make Treasury yields go higher.†... Yields on 10-year Treasuries, up from 2.04 percent in December, will jump to 4.19 percent by 2011, according the weighted average estimate of 57 economists and strategists surveyed by Bloomberg News. Two-year yields are 1.02 percent today, compared with 0.76 percent at the end of 2008. ... Higher yields may also hinder Fed Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates, his goal at the start of 2009, to lift the economy from its worst slump since the Great Depression. http://www.bloomberg.com/apps/news?pid=20601087 & sid=auBVY_IxvAk4 Thor Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 27, 2009 Report Share Posted October 27, 2009 Hello list members, When one analyst was asked if the dollar could crash, the answer was that it has: "The dollar has fallen almost 3 percent over the past two weeks against the major currencies and has dropped 20 percent against the euro since early March." Thor Cosmologer <cosmologerSAMVA Sent: Mon, October 26, 2009 7:57:47 PMRe: Dollar Touches 14-Month Low Hello Rajeev, I agree, the easing of the transit affliction normally leads to a recovery. In addition to that we know that transit 8th lord Saturn will towards the end of the year enter into a close stationary aspect to natal 10th lord Mars in the SAMVA USA chart. We know that one of the indications of the 10th lord is foreign trade. At that time we could expect obstacles to US foreign trade. One possible source of problems would be a stronger dollar, reducing the price competitiveness of dollar priced goods, including autos, other US manufacturing goods and computer software. We will soon see. Thor PS it is better when list members sign their posts Rajeev Bharol <rajeev.bharolSAMVA Sent: Mon, October 26, 2009 7:40:47 PMRe: Dollar Touches 14-Month Low I am bullish on dollar. As soon as transits clear, I think Dollar will rally hard and surprise many. On Mon, Oct 26, 2009 at 10:54 AM, Cosmologer <cosmologer wrote: Dollar Touches 14-Month Low as Recovery Signs Spur Risk Demand Oct. 26 (Bloomberg) -- The dollar reached a 14-month low versus the euro as stocks advanced around the world on confidence that the global economy is recovering, increasing demand for higher-yielding assets. Brazil’s real and Mexico’s peso were the biggest gainers versus the dollar among the 16 most-traded currencies tracked by Bloomberg. The South Korean won was the best performer among 10 emerging Asian currencies as the nation’s economy grew at the fastest pace in seven years. “Risk is a little bit positive, and that’s helping the dollar weaken,†said Sebastien Galy, a currency strategist at BNP Paribas SA in New York. “The overall theme of the dollar weakening versus Asia is continuing.†The dollar traded at $1.5016 per euro at 9:31 a.m. in New York, compared with $1.5008 on Oct. 23. It earlier declined to $1.5063, the weakest level since August 2008. The dollar was at 91.94 yen, compared with 92.06. It earlier reached 92.21, the highest level since Sept. 21. The yen fetched 138.09 per euro, compared with 138.15. http://www.bloomberg.com/apps/news?pid=20601101 & sid=aeJULGcO6S18 Cosmologer <cosmologersamva Sent: Mon, October 26, 2009 12:39:57 PM Rising government bond yields in the USA Hello list, The prediction in March 2009 based on the SAMVA USA chart for increased concerns at this time associated with the burgeoning government debt is proving correct. In addition to a very low dollar, there are now increased expectations (concerns) that interest rates will rise. Geithner Widens Bills-to-Bonds Gap With New Sales Oct. 26 (Bloomberg) -- Treasury Secretary Timothy Geithner’s plans to lock in near record-low borrowing costs in 2010 may mean a second year of losses on longer-term bonds. ... “The Treasury will want a longer debt duration before interest rates rise,†said Tsutomu Komiya, an investment manager in Tokyo at Daiwa Asset Management Co., which oversees the equivalent of $105.8 billion. “We have to deal with sales, sales, sales. The huge issuance will make Treasury yields go higher.†... Yields on 10-year Treasuries, up from 2.04 percent in December, will jump to 4.19 percent by 2011, according the weighted average estimate of 57 economists and strategists surveyed by Bloomberg News. Two-year yields are 1.02 percent today, compared with 0.76 percent at the end of 2008. ... Higher yields may also hinder Fed Chairman Ben S. Bernanke’s efforts to cap consumer borrowing rates, his goal at the start of 2009, to lift the economy from its worst slump since the Great Depression. http://www.bloomberg.com/apps/news?pid=20601087 & sid=auBVY_IxvAk4 Thor Quote Link to comment Share on other sites More sharing options...
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