US Dollar crashes midday March 17, 2008
Posted by mylastresort in analysis, bahrain, qatar, rumors.Tags: bahrain, Bombay, Central Bank, Charts, Commerzbank, Corporates & Markets, Credit Crunch, Crisis, Dollar, Dubai, EUR, EURO, FX, inflation, Intervention, Japan, kuwait, Mumbai, Muscat, Nikkie, oman, Record, Sensex, Stock Exchange, uae, United Arab Emirates, US, USD
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The sudden collapse of the US Dollar midday today is sparking new speculations on whether the recent rapid movements in the FX markets will prompt central banks to intervene. In recent news the collapse of the Dollar today and the fear of a global economical collapse prompted world stock markets to decline even further.
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Muscat SM -1.24%
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Kuwait SE -1.08%
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Abu Dhabi SM -1.72%
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Dubai FM -1.65%
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Vietnam Index -4.36%
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Sensex (Bombay SE) -6.03%
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Nikkei 225 -3.71%
Commerz Bank belives that for central bank intervention to become a real threat the Dollar’s Index would need to fall by another 4% within the next 2-3 weeks. Further, the Euro should rise to $1.62
“This is unlikely to happen, however, as we would expect tsignificant bouts of verbal intervention before, preventing a rise to such levels”
– Commerzbank Corporates & Markets
U.S. Federal Reserve feeds cash starved credit markets March 12, 2008
Posted by mylastresort in analysis.Tags: Asian, Central Banks, Crash, Credits Markets, Dow Jones Industrial, Intervention, Investments, Jakarta, Nasdaq, Nikkei 225 Index, S&P, Sensex, US Federal Reserve, USD
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The U.S. Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans. Stocks surged, bonds fell and the long-suffering U.S. dollar soared in reaction to the moves, a sign financial markets saw the plan as a step in the right direction to ease a crisis that has threatened world economic growth. The effects on the stock markets are as follows:
- Dow Jones Industrials +3.55%
- S & P 500 Index +3.71%
- Nasdaq 100 +4.06%
The first markets to open after the US would be the East Asian Economies thus far in the day the Nikkei 225 Index is up 1.70%, Sensex up 2.15%, & the Jakarta IDX is at 1.95%…
Charts & Numbers 