Sunday, April 13, 2008

Dollar to rise; good news, or bad news for Asia?

Concerned was raised at the G-7 conference over the depreciating of the dollar, which, in turn cased the dollar to rise. Worried that the extreme shifts in the dollar value could cause a downturn in world markets. While the low dollar value helped make US goods more attractive in foreign makers, foreign leaders are worried that the US was purposely allowing the dollar to devalue. Given that American exports increased by two percent over February.  Worry of a downturn still loomed over the Fed reserve meeting in March. What does this mean for Asia, as one of the largest import of goods from Asia a turndown in America, could lead to a turndown in Asian markets.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEetU6tKXM5w&refer=home

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