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Lola Z

Richard W. Evans: Punishing China for currency manipulation could hurt the U.S. | Deseret News - 1 views

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    It is interesting to receive a totally different perspective on the issue that China keeps its currency artificially low. In this article, it actually says that the benefits to the US of China manipulating its currency far outweighs the costs. The reason is that the consumers get cheaper goods, which are essential goods such as toys and clothes. The other reason is that when the Chinese government is constantly buying dollars to keep Chinese yuan low, it helps to stabilize the price level in the US because the imported goods do not become more expensive, and it also helps to keep the interest rate low. This is beneficial to the US economy.
Monique T

THE RUPEE: all-round decline | Business Recorder - 0 views

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    This article describes the decrease in currency value of the rupee, which the central bank is trying to correct by selling dollars and purchasing their own currency.
Katie Edwards

RBA forex holdings grow to help force down value of strong Aussie | The Australian - 1 views

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    The Aussie dollar is very strong, so the Reserve Bank of Australia is trying to gather foreign currency to increase supply, causing the value and demand for Aussie dollar to fall a bit. The RBA doesn't intervene often, but it's necessary now to bring down the strength of the Aussie dollar so that it doesn't continue to lessen the value of exports.
Sebastian van Winkel

They're buying what? U.S. investors latch onto Iraqi dinar - 1 views

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    "It's not a question of if, but when Iraq revalues its currency," said the Las Vegas-based Scarpa, who keeps dinars in his retirement account. "The dinar will eventually have substantial value, possibly the highest in the world." He's not alone in risking his money on an investment that can charitably be described as a long-term turnaround project that will pay off only for the extremely patient. Thousands like Scarpa in America are buying the dinar, hoping someday the war-torn nation can revalue a currency worth just a fraction of a penny.
Mirren M

Behind Iran's currency crash - 2 views

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    Excerpt from the article: "Most experts think the fall is a direct result of sanctions designed to get Iran to curtail its nuclear program, which Iranian leaders say is intended to generate nuclear power but many suspect could be used to produce a weapon"
Lola Z

Australia's Current-Account Deficit Widened Last Quarter - Bloomberg - 0 views

  • by 1.5 percentage points since November last year to stimulate industries outside of resources as commodity prices ease. A high currency has hurt earnings for manufacturers and retailers, helping create what the RBA has referred to as a multispeed economy with those industries lagging behind mining companies.
    • Lola Z
       
      Lowering the interest rates means less foreign investment because of the low interest, and hence, the demand for the currency will be lowered as well. The currency value may decrease as a result, and making exports cheaper, reducing the trade deficit.
  • weaker prices for iron ore and coal, the nation’s two biggest commodity exports.
Katie Edwards

Current account deficit widens - 0 views

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    This article explores the causes and outcomes of a rising current account deficit in Australia. The central bank is evaluating different options to try and balance the current account deficit by manipulating imports and exports, as well as adjusting the value of currency.
Katie Edwards

Foreign exchange market EURUSD: Market Outlook. Nov 1st 2012 - 1 views

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    Unemployment is a huge issue that is coming from the eurozone economic challenges. There is a negative growth, and increasing unemployment rate. Changing the value of currency, and having difficulties stimulating economic growth are contributing to the problem. The economy is slowing down, which inevitably leads to higher unemployment.
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