You are here
So just what's bringing 'order' to dollar's fall, gold's rise?
U.S. Dollar Depreciation Orderly So Far: Fed's Fisher
By Pedro Nicolaci da Costa
Reuters
Tuesday, November 10, 2009
http://www.reuters.com/article/gc04/idUSTRE5AA09N20091111
AUSTIN, Texas -- The U.S. dollar has so far had an orderly depreciation, Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.
"Thus far the dollar has not been in a disorderly depreciation," Fisher told reporters, when asked about the carry trade.
In a speech earlier, Fisher warned that the Federal Open Market Committee would craft an appropriate response if the carry trade proved disruptive to currencies and securities.
He said he was aware of risks the FOMC ran of fuelling the trade by stating the Fed would hold its funds rate at exceptionally low levels for an extended period.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/index.php/vancouver-resource-investm...
* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
