Dollar - slippery

Article Abstract:

The American dollar depreciated in value against the German mark and other European currencies between August and November 1991. The slide in the dollar's value is expected to continue until the end of 1991. The principal reason for the dollar's weakness is the downward movement of American interest rates. With inflation at a satisfactory 3.5%, the Federal Reserve is expected to continue its gradual economic pump-priming by further loosening up monetary policy. The dollar should therefore remain weak until early 1992.

Finance, taxation, & monetary policy, Interest rates, Foreign exchange market

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Dollar - drift down on low interest rates

Article Abstract:

The US dollar declined in the the three months to 10 Dec 90 against most currencies, although the overall depreciation was not large. The largest drop was against the deutschmark, with the dollar declining 6.9%. The decline in the dollar was due to falling US interest rates and the lack of concern by the Federal Reserve with the direction of the dollar. The Fed is more concerned with battling inflation than recession, and economic signs indicate a further decline in the dollar in 1991.

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The US dollar - successful central bank raid, but long term downtrend awaits recession and-or budget deficit cut

Article Abstract:

The U.S. dollar remains strong and it will probably retain its value in comparison to other currencies for the next year or so. Central banks hold approximately $100 billion in U.S. dollars, while the U.S. can print as much as it wants ultimately determining the fate of the world economy. In these circumstances, other countries are powerless to drive the dollar down and only market forces will be able to provoke any changes.

United States, International aspects, Foreign exchange, Monetary policy

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