Dollar's Moves Force Whispers of `Intervention' Word; G-7 Frets

[Sapiens]

http://www.bloomberg.com/apps/news?p...154&refer=home

``The strength of the recent euro-dollar rally came as a surprise to many people, and such swift moves certainly raise the specter of coordinated central bank intervention,'' said Hans-Guenter Redeker, global head of currency strategy in London at BNP Paribas SA, the most accurate forecaster in a 2007 Bloomberg survey. ``As volatility rises, the likelihood of such an intervention increases.''

Get ready for another day down the rabbit hole...

[Sapiens]

Canada's Dollar Falls Most Since 1985 on Plunge in Commodities

http://www.bloomberg.com/apps/news?p...d=aOfnAwNHjZNU

Canada's Dollar Falls Most Since 1985 on Plunge in Commodities

By Haris Anwar

March 21 (Bloomberg) -- Canada's dollar plummeted the most in more than two decades this week as investors shunned commodities on concern that a slowing U.S. economy will curb global demand for energy, metals and grains.

The currency dropped 3.3 percent, the steepest since 1985, as commodities slumped. Gold declined 11 percent from a record earlier in the week, and copper posted its biggest weekly decline in 10 months. Crude oil fell more than $13, going below $100 a barrel for the first time since March 5. Commodities account for about half of Canada's exports. The oil sands in Alberta contain the largest crude deposits outside the Middle East.

``This was a huge and dramatic move in commodities,'' said Camilla Sutton, a currency strategist at Scotia Capital Inc. in Toronto. ``We might see further weakness in the Canadian dollar if commodities continue to lose ground.''
...

[Sapiens]

Aust dollar hurt by lower commodity prices, drops below 89 US

http://www.news.com.au/heraldsun/sto...04-664,00.html

Aust dollar hurt by lower commodity prices, drops below 89 US
March 24, 2008 05:37pm

HURT by a sharp drop in commodity prices, the Australian dollar shed more that 1.5 US cents over the Easter break, falling below US89cents.

[Sapiens]

Dollar Gains on Speculation Fed's Actions Will Revive Growth

Dollar Gains on Speculation Fed's Actions Will Revive Growth
http://www.bloomberg.com/apps/news?p...18g&refer=home

Dollar Gains on Speculation Fed's Actions Will Revive Growth


March 24 (Bloomberg) -- The dollar rose against the yen and the euro on speculation the Federal Reserve's interest-rate cuts and efforts to spur lending will help revive economic growth.

The U.S. currency also advanced versus the Swiss franc and Canadian dollar, extending gains since the Fed's March 18 move to cut its benchmark rate 0.75 percentage point to 2.25 percent and decision last week to allow more financial firms to borrow federal money. The dollar also rose after some analysts said the Group of Seven nations may take coordinated action in currency markets to counter the impact of a slowing U.S. economy.

[GRG55]

Re: Dollar Gains on Speculation Fed's Actions Will Revive Growth

Dollar Gains on Speculation Fed's Actions Will Revive Growth
http://www.bloomberg.com/apps/news?p...18g&refer=home

Cmon... currencies are the most openly and blatantly manipulated markets we have. Is there any iTuliper that doesn't believe there was a coordinated effort to put an "insurance" floor under the bonar in synch with the Fed sponsored Bear Stearns stick save?

The problem with a stick save [over a glove save] is someone scoring on the rebound.

[hayfield]

Re: Dollar Gains on Speculation Fed's Actions Will Revive Growth

More like JPM scoring through the five-hole, and the home team falling behind by another few billion $.