News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Thursday, July 14, 2011

US Dollar in Full Retreat: New Zealand Dollar Soars to 30 Year High

Anybody else considering moving to New Zealand . . . or at least swapping our dollars for theirs?
The U.S. dollar was on the run in Asia on Thursday after a ratings warning from Moody's and a hint of further policy easing from the Federal Reserve unleashed a wave of panic selling, much to the relief of the hard-pressed euro.  The New Zealand dollar was a stand out performer, soaring to 30-year highs after data showed the economy grew far faster than expected in the first quarter.

The kiwi flew to $0.8491, a rise of 3.7 percent in just two sessions, as the upbeat news revived the chance of a rate hike before year-end.  That stood in stark contrast to the United States, where Fed Chairman Ben Bernanke had canvassed the idea of further quantitative easing should the economy stall
Dollar in full retreat, NZD storms 30-year peak | Reuters

No comments:

Post a Comment

Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

Search US Dollar Panic

Loading...