Thursday, April 28, 2011


From Bloomberg News.

“We’re all reacting to the numbers and looking for sustainable growth,” said Firas Askari, head currency trader in Toronto at Bank of Montreal. “The dollar weakness is a trend that’s hard to break,” he said. “The momentum we did seem to be having in the U.S. economy seems to be hitting some headwinds. Best case scenario: the U.S. economy is lukewarm.”
The dollar weakened against 10 of 16 major peers, losing at least 0.7 percent versus the yen and South Korean won. It rebounded after slumping as much as 0.6 percent to $1.4791 against the euro and breaching $1.48 for the first time since December 2009.
U.S. government securities headed for their biggest monthly gain since August as investors reduced bets that policy makers will raise interest rates by early next year. Six-month bill rates hit a record low.
 Remember the US Dollar / Japanese Yen exchange rate is one of the key dynamics that impact the anime industry in both the U.S. and Japan. When Robotech first came on the air in 1985 $1 USD = Y240 JPY now in 2011 1 USD = Y81 in other words the dollar has lost 2/3 of its value.

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