They say the present decrease in the exchange rate of the greenback
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Looker continues: "However, the picture appears to have changed quite sharply in the last month or so and now the greenback
could well be back in play after a 16 month absence.
Analysts said that the greenback
is also weighed down by the concerns that Federal Reserve will lag behind other central banks in raising the interest rates.
Before banks began restricting greenback
sales without any explanation last week, the rial had been trading at 10,500 to the dollar.
The one relevant to this discussion is that, unlike earlier Treasury issues (the Treasury Notes of 1814 and the 1861 Notes), the Treasury had authority to reissue any Greenback
has dropped to a 15- month low against a basket of six major currencies this week, prompting a rare recent comment on its value by US Federal Reserve Chairman Ben Bernanke The peg issue is gaining momentum again as the dollar retreats and oil prices recover, helping economies in the world's top oil exporting region emerge from a downturn.
But in many places, especially those where black markets in currencies are an integral part of the economy, the greenback
is still king.
The Australian dollar was easily the strongest performer last week, gaining over 4 percent against both the greenback
and Japanese yen, after the Reserve Bank of Australia surprised everyone and became the first major central bank to raise interest rates after the global financial meltdown.
Certainly, the impressive strength in the greenback
has rekindled hopes of the more than 3.
For 20 years, biologists have been restocking Colorado streams with greenback
cutthroat trout to save the endangered fish from extinction.
, trained by Philip Hobbs and ridden by the trainer's brother Peter, beats Radiant Dancer in the juvenile hurdle at Exeter.
Keep your eyes open for stepped up greenback
dumping by China in exchange for natural resources such as oil-bearing properties or perhaps more mines," they advise.
As the value of the greenback
continues to plunge, so too does the value of the dollars that the Japanese government has already purchased.
Yet Bush administration insiders say the greater flexibility language was intended as a lone-term goal, not a short-term effort necessarily to drive down the greenback
to any particular level.