Daily Dispatches

Seeing little inflation, Bank of England ready to cut rates

Submitted by cpowell on Wed, 2007-11-14 20:15 Section: Daily Dispatches

By Edmund Conway
The Telegraph, London
Thursday, November 15, 2007

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=AWKBW5TCQZVWLQFIQ...

The Bank of England is poised to cut interest rates as many as three times in an effort to ease the pain of the credit crunch, it indicated today.

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Dollar to remain China's main reserve, central banker says

Submitted by cpowell on Wed, 2007-11-14 19:54 Section: Daily Dispatches

By Min Zeng
Bloomberg News Service
Wednesday, November 14, 2007

http://www.bloomberg.com/apps/news?pid=20601080&sid=aKaUJgZica_A

The U.S. dollar will remain the "main currency" in China's $1.43 trillion foreign reserves, said Yi Gang, assistant governor of the People's Bank of China.

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Government funds reported buying gold to hedge dollar's decline

Submitted by cpowell on Tue, 2007-11-13 22:36 Section: Daily Dispatches

State Funds Look to Commodity Investment

By Javier Blas
Financial Times, London
Monday, November 12, 2007

http://www.ft.com/cms/s/0/285fe19c-9149-11dc-9590-0000779fd2ac.html?ncli...

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Money market funds requiring props as credit crisis spreads

Submitted by cpowell on Tue, 2007-11-13 20:13 Section: Daily Dispatches

Banks Prop Up Money Market Funds

By Deborah Brewster and Saskia Scholtes
Financial Times, London
Tuesday, November 13, 2007

http://www.ft.com/cms/s/0/39e0b806-922a-11dc-8981-0000779fd2ac.html?ncli...

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Randy Strauss: Only gold solves the international currency problem

Submitted by cpowell on Tue, 2007-11-13 19:45 Section: Daily Dispatches

7:30p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

Randy Strauss of Centennial Precious Metals in Denver and its wonderful USAGold.com Forum (http://www.usagold.com/cpmforum/) today commented incisively there about the turmoil in the currency markets.

Strauss wrote:

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New currency market rig tops finance ministers' agenda

Submitted by cpowell on Tue, 2007-11-13 15:29 Section: Daily Dispatches

Paulson Boxed In By 'Strong-Dollar' Chant

By Christopher Anstey and Kevin Carmichael
Bloomberg News Service
Tuesday, November 13, 2007

http://www.bloomberg.com/apps/news?pid=20601109&sid=atBJvH_zVmsA&refer=home

As U.S. Treasury Secretary Henry Paulson prepares to meet counterparts representing the world's biggest economies, he carries some extra baggage on the plane to Africa.

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Ted Butler: The cop on the beat

Submitted by cpowell on Tue, 2007-11-13 13:09 Section: Daily Dispatches

1p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

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Dollar drop puts UAE at 'crossroads' on currency link

Submitted by cpowell on Tue, 2007-11-13 13:00 Section: Daily Dispatches

By Matthew Brown
Bloomberg News Service
Tuesday, November 13, 2007

http://www.bloomberg.com/apps/news?pid=20601083&sid=aw0Fnv46l3Cg&refer=c...

DUBAI -- The United Arab Emirates may drop the dirham's peg to the dollar after the country's central bank governor indicated that the weakening U.S. currency was forcing him to rethink its currency policy, analysts said.