$ recent performance really can be "devastated" to describe, although the United States Congress eventually reached a preliminary budget agreement to avoid Government shutdown, but market concerns about Government sentiment already stated on the face, also wrote on the trend of the dollar recently. At this point, the Federal Reserve (FED) latest beige book economic report (Biege Book), as always, optimistic $ finally helped restore a little face. But market participants suspect that, in the current United States fiscal position "messy" situation, the dollar's rally can last long?
financial status a outspread dollars total Obama face Isshiki recommended reading
G20 look prevention crisis plan research economic recovery face of risk euro and dollars Lee difference or expanded RMB exchange rate insurance keep 6.53 mark concerns debt problem deterioration euro disk in the diving Singapore gold tube Council again tightened currency policy Europe debt crisis will by control Euro heavy picker rally dollars fell configuration dollars assets in the Nick of time [RMB premium][market Center]although Congress two party temporarily on budget problem reached consensus But posture of both David talks are expected to continue to make President Obama (BarackObama) needles, the Obama administration supporting the implementation of the programme still face a reduction in the future many setbacks.
in the Conference on the latest budget agreement, Obama's United States deficit reduction targets set to cut $ 4 trillion in the 12 years and is committed to in 2015 the deficit dropped to 2.5% per cent GDP; in per cent of GDP by 2020 deficit ratio down to 2%.
Obama plans to cut spending and interest 75% reduction of Chek Lap Kok project has been completed, the remainder will come from the tax reform, he said that policy cannot be the indefinite extension of the Bush-era tax cuts for the rich. Revenue-raising plans were immediately refuted the Republicans. United States Senate Republican Leader McConnell (MitchMcConnell), Republicans are willing to take initiatives to raise taxes. United States speaker of the House of Baunat (John Boehner) says that tax increases should not be included in the Red reduction plans.
at the same time, a survey released on Wednesday found that United States gasoline price increases have been damage to citizens ' confidence in the country's future and force the Americans to change spending habits and lifestyle. 69% United States people says United States is in the wrong orbit, the proportion of the population is highest since Obama took office. 68% of Americans expressed high prices forcing them to cut other spending; 62% of Americans, have selected driving less due to cost issues. Survey also showed that popular support for Obama fell to 46%.
analysts say Obama performance politics of devastated a replica of the dollar in the near future: the same "devastated".
beige book says economy improving but probably harder to save us $Fed's beige book economic report released Wednesday also are always optimistic, for dollars sent to awaken. Beige Book said the United States economy continued to improve in the past month, manufacturing growth accelerated, enterprises feel the effects of increases in energy and raw material costs.
the Beige Book said that while economic activity in many parts of only moderate enhancement, but in most of the Federal Reserve said the industry generally improved, and the Kansas City fed refers to strong economic growth. In addition, the manufacturing sector continues to lead the growth, regions are basically examples of steady improvement, usually accompanied by increased employment.
analysts pointed out that, the Fed beige book for the United States economy cautiously optimistic attitude constitutes a little boost against the dollar, dollar index plate once hit a 75.1 days high. However, in the United States of the overall financial position is still not optimistic case, may rebound in the us means space is very limited, overall sluggish trend will appear difficult to improve.
02:56 ', the dollar index 74.95.
