Global credit unease about the dollar continues. As the monetary authority of the United States, the Federal Reserve System (Bank of America) lowered the interest rate by 0.25% on June 365438+1October 3 1 day. This is another downward adjustment after the downward adjustment of 0.5% in mid-September. Nevertheless, it seems that the exchange rate links between China (Hongkong) and the Persian Gulf countries in the Middle East and the US dollar have not changed accordingly. Because of the economic depression, it is necessary for the United States to lower the exchange rate, but because of the overheated economic growth, it is necessary for China, Hongkong and Gulf countries to raise the exchange rate. However, as long as the exchange rate linkage mechanism continues to function, the authorities of China and Gulf countries must lower their exchange rates with the downward adjustment of the US exchange rate. This situation makes inflation more serious.
The initial stages of Hong Kong, Milan, Yin and Li are shown in September and Hong Kong. China? The living conditions, development and future development of Hong Kong.
In Hong Kong, Wachovia began to cut interest rates in September, which increased the upward pressure on the exchange rate of the Hong Kong dollar against the US dollar. In order to maintain the linked exchange rate system of the US dollar, the Hong Kong authorities intervened in the market for the first time in two years. However, the economic prosperity of China and Hongkong and the deterioration of American economy will probably continue in the future. Some market analysts pointed out that with the gradual inability of the Hong Kong authorities to intervene in the market, the Hong Kong dollar may appreciate against the US dollar next year, or it may have to abandon the linked exchange rate system of the US dollar.
There are six countries with the same coast, one country, another country and another country. The Middle East ではィラクやィンパレスチナなどでロロロロロどど125
Similarly, public opinion also believes that the six Persian Gulf countries may abandon the dollar peg system together. In the Middle East, Iraq, Iran, Palestine and other countries in the Persian Gulf have to rely on the support of the United States for security. From this point of view, it is difficult to give up the dollar peg system. Gulf countries are troubled by the expansion of inflation and their security dependence on the United States.
On this occasion, countries along the Gulf of Mexico carry out construction and construction. もしのどぉりがのつよになったつた そこでではげのりやのなどによってて.
If the Gulf countries abandon the dollar peg system, oil prices, which have been calculated in dollars, may be replaced by euros or yen. If the Gulf countries have a unified currency as previously envisaged, oil prices can be calculated according to independent currencies. But in either case, the status of the US dollar as an international currency will be greatly reduced. Affected by high oil prices, the current surplus of Gulf countries is about 30% of GDP (8% in China and 1% in Japan). Although most of the surplus is used by the investment institutions of the Gulf governments, most of the surplus has been reserved in US dollars. Recently, the exchange rate of the United States is falling, which is dangerous for the United States. The export industries of countries outside the United States will also be hit, and everyone wants to avoid the appreciation of their currencies because of the depreciation of the US dollar. Therefore, while watching the exchange rate rise and the money supply increase, countries consciously weaken the linkage with the falling dollar and curb the appreciation of their currencies. The Bank of Japan described the decline in commodity prices caused by fierce competition as "deflation" and sustained zero interest rates, which is a good example.
World soft money, world currency security. そのためをユーロにペッグしてぃるブ゜ Precursor phase field, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil, oil. Japan でもタクシー Power generation and power materials, パンのヤなどががり.
Many countries in the world have adopted the currency "weakness" strategy, and the worldwide currency devaluation is taking place. Therefore, for eastern European countries such as Bulgaria or Latvia, which choose the euro through currency peg, inflation and economic bubble have become very serious. In order to curb inflation and economic bubbles, it is necessary for Europe to raise its exchange rate, but it cannot achieve its goal because of its appreciation against the US dollar. In the international exchange rate world, in addition to currency, funds continue to flow into oil, gold, food and so on. , making oil rise, gold rise, grain price rise, etc. Global inflation is happening. Judging from the trend of the futures market, it is predicted that the oil price will exceed 125 USD and continue to grow. In Japan, taxi fare, electricity fee and bread price have all gone up, and the grams of a bag of snacks have also decreased, and the price has increased significantly. The root of these problems lies in the "weakening dollar".
Well, today is just a freedom day.