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(WSJ Front Page over the weekend) Dollar's Decline Speeds Up, With Risks for U.S.

Posted on April 25, 2011 by Kendall Harmon

The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency.

With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue.

The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week. The ICE U.S. Dollar Index closed at its lowest level since August 2008, before the financial crisis intensified.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, Budget, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Federal Reserve, Globalization, South America, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

One comment on “(WSJ Front Page over the weekend) Dollar's Decline Speeds Up, With Risks for U.S.”

  1. robroy says:
    April 26, 2011 at 12:18 am

    For an explanation of Quantitative easing, there is a video [url=http://www.youtube.com/watch?v=PTUY16CkS-k ]here[/url]. The fed prints a lot of money to buy federal bonds, not directly, mind you, but through Goldman Sachs, so that the corrupt corporation can get its share of the billions.