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Written by Top Ten List
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Wednesday, 30 September 2009 |
The US import has unexpectedly surged much higher for the following month, due to positive news that the economy is indeed recovering. According to the official data released by the respective commerce department, it seems that the US has imported a total of $36.5 billion in goods, compared to $30.8 billion in August.
Personally, I think that this somehow shows a positive sign that the economy is recovering at a positive rate. Although US imports are somewhat considerable when compared to their exports, still this shows that US consumers are buying more goods from retailers, which signifies that they are more willing to purchase now, when compared to a year ago when the economic recession just started.
Do you think that the US import data shows positive economic growth?
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Written by Top Ten List
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Wednesday, 23 September 2009 |
China’s top bankers have voiced their concerns over low US interest rates and weakening US dollar, which they say may distort global asset prices and ultimately threatens the economy from a full recovery. China is one of foreign holder of US debt, in which these come in the form of Treasury securities. And as the result of the decline of the US dollar, the Treasury securities have also devalued accordingly.
Personally, I think that the weakened US dollar is ideal for people who want to invest in the United States. However, a weakened dollar also has implications over the economy, whereby people might need to fork out more money to purchase goods, such as gas for their vehicle.
Do you think that the US dollar will rise to its former glory again?
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Written by Top Ten List
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Wednesday, 09 September 2009 |
With the US Federal trade deficits reaching several trillion dollars just last month, this has somewhat created a domino effect on the US dollars. According to market analysts, they mentioned that the dollar has weakened considerably when compared to the UK pound and Euro dollar.
Although the US dollar has weakened, this somehow helped boost the price for crude oil in the country. Just until recently, the price for crude oil has hovered above the $70 mark, which also helped petroleum based companies, to make larger profit over the higher price.
Do you think that the US dollar will continue to weaken against major currencies around the world?
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