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  • December 8, 2011 at 6:10 am #2209422

    Why dollar value raising though S&P rating for US is declining

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    by lalitha1729 · about 10 years, 5 months ago

    Day by day US S&P rating is degrading but how its currency value is raising?

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    • December 8, 2011 at 7:24 am #2444412

      I think

      by boxfiddler · about 10 years, 5 months ago

      In reply to Why dollar value raising though S&P rating for US is declining

      you need to do your own homework.

    • December 8, 2011 at 8:51 am #2445528

      Short answer

      by jamesrl · about 10 years, 5 months ago

      In reply to Why dollar value raising though S&P rating for US is declining

      Because in bad times the US dollar is seen as a refuge currency because of the amount of US gold reserves.

      Which says that things are bad all over, and money that was invested in Europe, as an example, is being put into US dollars until things settle down.

      • December 9, 2011 at 6:47 am #2445454

        re

        by lalitha1729 · about 10 years, 5 months ago

        In reply to Short answer

        nice reply

      • December 9, 2011 at 7:10 am #2445448

        Should be good for shipbuilders…

        by ansugisalas · about 10 years, 5 months ago

        In reply to Short answer

        Since (BIG) ship prices are negotiated in US$.

        • December 9, 2011 at 7:28 am #2445444

          Most International Trade

          by hal 9000 · about 10 years, 5 months ago

          In reply to Should be good for shipbuilders…

          Is negotiated in US $ hence it’s the base line for all International Money Matters.

          However here you have 2 forces at work S&P supplying their Best Guess as to what will actually happen instead of what will happen and the Future Traders trying to milk as much out of the system before the axe falls on them and they are called Rouge Traders.

          The reality is that the system is broke and particular in the Stock & Futures Markets it’s much more a case of Monkey See and all the other Monkeys do rather than any real sense of what is actually happening. Also remember S&P are only one of the 3 who guess and they are the only ones lowering the US Rating.

          Also you should remember that any Rating Agencies guess are not meant to be taken as Gospel. 😉

          Col

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