From the chinese press
China Daily | Updated: 2011-05-10 07:54
Rethink on dollar policy needed
The Federal Open Market Committee, a part of the Federal Reserve Board (Fed), issued a statement at the end of April saying the benchmark interest rate and the schedule for the purchase of $600 billion worth of Treasury bonds remain unchanged. But even after the end of quantitative easing (QE2), the dollar appears weak, which calls for deeper analysis, says an article in China Securities Journal. Excerpts:
Many experts would say the US dollar has been weakening because the US is printing huge amounts of currency notes. In other words, the dollar would gain strength if the US stops printing more money.
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