US dollar falls, downside risks remain


	US dollar falls, downside risks remain

rmowery

3-21-2008 12:49 AM

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tags:

us dolalr, franc, money, stocks, economics

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/67e9437d-05f1-4eee-ab95-24784d9f0485/42505679-AE33-4245-9A87-411DC4423828/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html" href="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html" style="font-size: 11px;">business.smh.com.au</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html"><HEADLINE _moz-userdefined="">US dollar falls, downside risks remain</HEADLINE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html"><DIV>The US dollar declined against the yen and Swiss franc on speculation the Federal Reserve's six interest-rate cuts since September won't be enough to stem credit-market losses and revive the economy.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html"><DIV>
The US currency fell starting in Asian trading on speculation some European and British banks were facing funding difficulties. The yen and franc also rose against major currencies on speculation investors were exiting carry-trade purchases of commodities that were financed with cheap loans from Japan and Switzerland.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.smh.com.au/us-dollar-falls-downside-risks-remain/20080320-20lv.html"><DIV>
''The downside risk for the dollar still exists,'' said Carl Forcheski, vice president on the corporate currency sales desk at Societe Generale in New York. ''The Fed's bigger worry right now is a total breakdown of the financial market.''</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/42505679-AE33-4245-9A87-411DC4423828/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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