Comments on: The dollar’s still not safe http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Elliot http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9283 Sat, 28 Nov 2009 01:16:09 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9283 The dollar was down relative to the yen; however, in aggregate, the dollar was up against other world currencies. Essentially what we’re seeing is a flight to safety, combined with the unwind of the Yen carry trade and the U.S. dollar short position (carry trade w/ just about anyone else). Yes the Yen was up, but no the dollar overall was not down.

]]>
By: victor http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9274 Fri, 27 Nov 2009 21:11:49 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9274 In defense of Felix, the Dollar vs. Yen was down quite a bit on Thursday night (NYC time), it then clawed its way back to almost flat. So depending when this entry was posted this morning, it would still be correct. It would be more correct last night.

]]>
By: Elliot http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9269 Fri, 27 Nov 2009 19:05:34 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9269 Just a heads up Felix…the dollar has exhibited strength since the Dubai story broke. This might also help explain why Treasury yields went negative last Thursday and the 7 year T-bill auction this past Wednesday saw stronger than expected demand. Risk aversion is back and we might be seeing the start of a dollar reversal now.

]]>
By: otto http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9262 Fri, 27 Nov 2009 16:10:50 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9262 wot M said

]]>
By: Matt Stiles http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9257 Fri, 27 Nov 2009 15:44:18 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9257 So we’ve got a Reuters reporter quoting a Societe General without checking his facts and a Reuters blogger quoting the reporter without checking.What happened to journalism?

]]>
By: M http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9256 Fri, 27 Nov 2009 15:41:09 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9256 Err….. Salmon if you understand risk aversion, you understand that if people who have bought risky assets and want to get out of them, they are now selling those assets in whatever currencies and buying back the currency they borrowed against. So they are buying back Yen and USD to pay off the loans and reinvest in safe JGB and Treasuries. Against most other currencies but JPY the dollar is up.

]]>
By: otto http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/comment-page-1/#comment-9254 Fri, 27 Nov 2009 15:31:27 +0000 http://blogs.reuters.com/felix-salmon/2009/11/27/the-dollars-still-not-safe/#comment-9254 err…..Salmon, the USD is up today, not down; half a tick at 75.28 right now.

]]>