Everybody heard that there is a balance of payments deficit? Then everyone who heard that is stupid, as usual.
until there will be a change in the U.S. balance of payments
Is the balance going to go from a deficit to a surplus? LOL!
Dollar Little Changed After Greenspan Expects Further Decline
By Min Zeng
Dec. 12 (Bloomberg) -- The dollar was little change against the yen, after falling from a two-week high yesterday when former Federal Reserve Chairman Alan Greenspan said the U.S. currency will keep dropping until the current-account deficit shrinks.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aTMNnHEXciZ8
Greenspan's predictions cause dollar to fall
December 11, 2006 18:50
The dollar fell against the euro today after former US Federal Reserve Chairman Alan Greenspan warned that he expected a few years of greenback weakness, causing US stocks to give up some gains.
Greenspan said it would be 'imprudent to hold everything in one currency'. He added that he expects the dollar to continue to drift down, weighed by the US balance of payments deficit...
http://www.rte.ie/business/2006/1211/dollar.html
CURRENCIES
Dollar mixed ahead of Fed meeting
Yen hits record low vs. euro on diminishing rate-hike hope
By Wanfeng Zhou, MarketWatch
Last Update: 4:27 PM ET Dec 11, 2006
NEW YORK (MarketWatch) -- The dollar fell against the euro Monday after former Federal Reserve chief Alan Greenspan warned that he expects the dollar to be weak for a few years to come.
Earlier the U.S. currency had made gains on speculation that the Fed, which is due to meet on Tuesday, will refrain from signaling that a rate cut is in the cards for early 2007. Speaking via remote connection to a conference in Tel Aviv, Greenspan said that the dollar will keep falling until the U.S. current account deficit narrows and that it would be imprudent to "hold everything in one currency." ...
http://www.marketwatch.com/news/story/story.aspx?guid=%7B1FB37FF2%2D7F38%2D458A%2D8444%2D04145E575C1A%7D&dist=rss&print=true&dist=printTop