What has gone wrong with USD ?

[Queen Seok Duk]

It's falling........now 1 USD for 31 Baht; 1 USD for 1.32 SGD.

Has USD hit the bottom ?

 

[zuoom]

do you expect it stay the same when the US governement prints so much USD and flood the market?

 

[besotted]

USD is a reflection of the debt of the weak American people

Don't wanna work, wanna enjoy life, keep printing money from thin air

 

[Thick Face Black Heart]

Buy canadian and australian dollars for long term wealth preservation.

 

[besotted]

Yuan!!! Without a doubt

 

[knowwhatyouwantinlife]

china and japan selling their bonds and bills quite massively to flood the market with USD, with more supply of USD, it becomes weaker, hence hopefully people see this as an opportunity to trade with them or buy their products, thus helping their economy along, as one can see, the stock market has not really corrected (under 20% down from year high) in a very long time, i believe all the countries will come up with ideas to make the yuan appreciate very soon to cause the next crash and bottom where the real rally with bullish news should come next year july or 2012 july...just my 2 cents

 

[johnny333]

Buy canadian and australian dollars for long term wealth preservation.

Don't know about the Aussie dollar. Know someone who made $200,000 paper losses in the Aussie stock exchange because of the recent general election result.

Don't see how any country can function with a hung parliament. :(

 

[Char_Azn]

Hope it continues to drop. More it drops, more money in my bank account hehe

 

[mayliewwan]

It works for Canada since 2006. Good thing regarding minority gov't is that the Harper can't be arrogant like Chretien or Martin and has to be on his best behavior all the time

Don't see how any country can function with a hung parliament. :(

 

[Thick Face Black Heart]

Don't know about the Aussie dollar. Know someone who made $200,000 paper losses in the Aussie stock exchange because of the recent general election result.

Don't see how any country can function with a hung parliament. :(

In a democracy, the economy can function regardless of political gridlock. In fact, the US stock market often rallies whenever there is gridlock in Washington.

It is only is quasi-dictatorships like Singapore or Malaysia that businessmen get worried whenever there are political changes.

 

[Thick Face Black Heart]

Hope it continues to drop. More it drops, more money in my bank account hehe

Nice to you know you are doing well, but beware of "flight to liquidity" in the event of another credit crunch (USD will rally very hard).

 

[vamjok]

pls drop till 1.25, i will convert all my money in bank to USD. although by then a lot people will also drop from the sky

 

[Queen Seok Duk]

pls drop till 1.25, i will convert all my money in bank to USD. although by then a lot people will also drop from the sky

Has SGD ever been on par with USD ?

 

[vamjok]

looking at anything more than 3 years has no meaning actually

 

[vamjok]

so far within these 3 years no

 

[Cestbon]

US$ lost it value.
1. European using Euro
2. Asia starting using China RMB/yuan for transaction between the country
3. If not because of the Japan/China/Arab holding large bond in US. US$ will at least drop another 30% of it value.

 

[singveld]

it goes wrong when they print money like nobody business. and their enemy like iran and north korea also print money for USA.

 

[longbow]

Aussie $ proxie for Chinese economy. So eyeball on China.

US is expected to have high deficits for the years to come. So expect more selling of Treasuries. As China gains in influence and strength, US loses a bit of that safe haven luster. 10 years ago, world economy was reliant upon US imports to grow. But China has taken some of that consumption. As the Chinese move up economic ladder there is going to be unbelievable levels of consumption. People are buying their first washing machine, car, aircon, TV, computer - these are the basic wants of an emerging lower middle class.

Japan now exports more to China than to the USA!