The U.S. dollar fell to a session low against the euro on Wednesday after U.S. Treasury Secretary Timothy Geithner said he was "quite open" to China's suggestion of moving toward SDR-linked currency system.
Geithner was speaking before the Council of Foreign Relations in New York.
The euro [EUR-TN 1.3528 0.0062 (+0.46%) ] was last up against the dollar after going as high as $1.3649. It was trading at around $1.3495 when Geithner began speaking.
Earlier the U.S. dollar slipped against major currencies, despite a jump in U.S. durable goods orders, as investors continued to assess whether the U.S. plan to remove non-performing assets from banks was enough to revive the financial system.
http://www.cnbc.com/id/29866259
The U.S. dollar fell to a session low against the euro on Wednesday after U.S. Treasury Secretary Timothy Geithner said he was "quite open" to China's suggestion of moving toward SDR-linked currency system.
Geithner was speaking before the Council of Foreign Relations in New York.
The euro [EUR-TN 1.3528 0.0062 (+0.46%) ] was last up against the dollar after going as high as $1.3649. It was trading at around $1.3495 when Geithner began speaking.
Earlier the U.S. dollar slipped against major currencies, despite a jump in U.S. durable goods orders, as investors continued to assess whether the U.S. plan to remove non-performing assets from banks was enough to revive the financial system.
http://www.cnbc.com/id/29866259
Geithner forgot to check with his boss. The president ruled that shit out last night.
here is the bottom line...... these guys are all too arrogant to make good decisions. Geithner can't even pay his taxes and he is going to get the economy dialed in and squared away?????Yeah, the nerve of this "uppity" president and an administration attempting to tackle the economic crisis! So smug! Who do they think they are, the government or something?
I think this is like a car headed off the edge of a cliff. I could be wrong but we will definitely know in the next 2-3 months.Hopefully you'll be IN a car riding off of a cliff...TODAY. You are dumber than a box of rocks and in two or three months you'll be on to the next gimmick account.
Maybe you are too biased to understand this, but Obama does not have a mandate to end our nation.Which Rush Limbaugh talking point do you have for me that explains exactly how the "end of our nation" will come about, my Warren Buffett-supporting friend?
Which Rush Limbaugh talking point do you have for me that explains exactly how the "end of our nation" will come about, my Warren Buffett-supporting friend?
Add Krugman to your list.Cool. You're a Krugman disciple too now...a republican in favor of nationalizing banks and a trillion more in fiscal stimulus. I love this shit. ;D Your love affair with these individuals is purely based on their offering criticism of President Obama, since that is all you do here. This will last until Obama's economic plan proves a success and Krugman, Buffett and others flip back to full praise of Obama. I guarantee Buffett will back off his criticisms because the market is coming back and even the financial stocks are recovering. That is all Buffett cares about.
Geithner and the budget office said they are open to another curreny being the reserve.
This is getting crazy now.
Benny with another well thought out and unbiased post laden with extraordinary logic. ::)Thanks! It's quite rare a man of such low IQ comes to understand me. I am pleased that I have limited my vernacular to that even a primate of a "George Whorewell" can understand. :)
How do you spend so much time sitting down typing on this website with Obama's dick that far up your ass?How much time to you spend think up male-on-male sexual positions to masturbate to, "George?" I really don't want to know, but since you choose to share the thoughts of your disgusting fantasies... :-X
Who's begging who?Are you of the opinion that China is powerful enough to stop exporting their products to the U.S., just as their people are beginning to experience a burgeoning middle class and continuing tremendous growth? Is it really interest of Communist China to prolong the economic crisis, or to get their act together, stop acting like whiny bitches, and stimulate the import of Chinese goods.
"China holds almost 30pc of the world's entire reserves. What they say matters,"Cute picture, but the dollar remains king. :) What China says matters, but it would matter much more when they could actually sell those reserves and not send their people back into starvation. China at this stage of development needs the U.S. as much as the U.S. needs China, if not more so. ;)
http://www.telegraph.co.uk/finance/e...s-markets.html
(http://www.telegraph.co.uk/telegraph/multimedia/archive/01007/dollar-gasp-460_1007200c.jpg)
Cute picture, but the dollar remains king. :) What China says matters, but it would matter much more when they could actually sell those reserves and not send their people back into starvation. China at this stage of development needs the U.S. as much as the U.S. needs China, if not more so. ;)
But don't believe me BD, move to Shanghai NOW, before all the good real estate is gone and its too late foruneducatedexpats like you!
I just posted articles to facts that are happening in the world, nothing more, nothing less.Damn, I really was hoping you were taking the literal "slow boat to China" to stay...permanently. ;D
Damn, I really was hoping you were taking the literal "slow boat to China" to stay...permanently. ;D
I'm fighting for you to Benny. One day you'll mature enough to understand and appreciate my efforts. ;)Ha! If I get any more "mature" I'll be dead! ;D
Ha! If I get any more "mature" I'll be dead! ;D