Thursday, December 30, 2010

U.S. dollar jumped burst on the scene, "energized" signs.

<P> Yesterday, the dollar index jumped to 73.501 points, to 14 May to the highest place. .Meanwhile, the international crude oil futures market, wheat, corn, soybeans and other commodity prices fell sharply. .Reversal of the de facto dollar seems to come earlier than expected. .U.S. dollar once the "energized", will give the current dollar-centric global economy and financial system have a major impact, commodity bull market may also face the end. .</ P> <P> 3, Fed Chairman Ben Bernanke suggested that fear of inflation, the Fed in the future to maintain the current level of interest rates may remain unchanged, and further interest rate cuts unlikely. .</ P> <P> in inflation, Bernanke noted that upside risks remain high, reflecting the international market, commodity prices continued to rise sharply. .He said that commodity prices may continue to rise is the major risk facing the inflation outlook, in addition to continuing high levels of inflation may lead the public's long-term inflation expectations, which affect consumption and investment. .Fed will pay close attention to changes in the situation and ready to take action when necessary to promote economic growth and price stability. .</ P> <P> this impact, coupled with fears of weakening demand for crude oil, 3 international oil prices fell sharply. .The New York Mercantile Exchange, July crude oil futures settled to close at $ 124.31 a barrel, down 2.7%. .In Asian electronic trading yesterday, the international oil prices still continued to decline. .</ P> <P> the same time, the 3rd international futures markets wheat, corn, soybeans and sugar Dengjun fell. .Wheat futures limit down some contracts, the New York raw sugar futures dropped to the lowest since the last 8 months point. .Lower international price of gold has once again, the New York Mercantile Exchange August gold fell $ 11.50 Final, to $ 885.50 an ounce. .Copper & slightly lower yesterday, electronic trading continues to weaken and break under the $ 7,900 / ton line. .</ P> <P> the U.S. dollar index jumped to 73.501 points, to 14 May to the highest place. .1 euro currency Yao City, on the New York exchange $ 1.5470, down from $ 1.5545 the previous session; 1 U.S. dollar 105.26 yen, higher than the previous day's 104.38 yen. .June 4 reported that the central parity of RMB against the U.S. dollar 6.9356, 61 basis points lower than the previous day. .</ P> <P> Some analysts believe the dollar index points from 120.5 in 2001 to the present high level has dropped nearly 40%, and duration of history of a rare drop. .Some organizations estimated that the U.S. dollar against most currencies seriously underestimated by about 20% this year, may be oversold bounce. .The international community guessing, Bernanke explained that the United States began to intervene in the dollar, depreciation, and interest rates come to an end strategy. .</ P> <P> present, many economists expect the Fed's regular meeting scheduled to be held this month to maintain the current level of interest rates will remain unchanged, and may adhere to this practice this year. .</ P>.

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