TAKE-A-LOOK: US dollar at 2009 low, supporting commodities

Fri May 22, 2009 8:47am EDT
 
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  The U.S. dollar fell to a 2009 low on Friday as fears intensified that the
United States could lose its triple-A rating, supporting dollar-priced
commodities and boosting resource related shares.
 The dollar's latest decline started when ratings agency Standard & Poor's
cut its ratings outlook on Britain to negative from stable, stoking fears other
AAA-rated countries which are running huge debt levels could share a similar
fate.
 Moody's Investor Service said on Thursday it was comfortable with its
triple-A sovereign rating on the United States but that it was not guaranteed
forever.
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  MARKET REPORTS:
> GLOBAL MARKETS-US dollar at 2009 low, supports commodities   [ID:nLM430397]
> MONEY MARKETS-Dollar costs at new lows, spreads steady       [ID:nSP477955]
> EMERGING MARKETS-Rebound on weak dollar, strong commodities  [ID:nLM457040]
> COMMODITIES-Oil above $61 as China demand rebounds           [ID:nSP480156]
  MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS
> UK GDP first quarter fall biggest since 1979                 [ID:nLM313156]
> OECD sees chance of global recovery by year end              [ID:nLM54518]
> Investors move $21 bln from money markets in week - EPFR     [ID:nLM283602]
> Russian recession sees unemployment rise to 10.2 pct         [ID:nLM238845]
> Bank of Japan upgrades economic view on export hopes         [ID:nT68020]
> Pimco's Gross: U.S. at risk of losing top AAA rating         [ID:nN21294698]
> US Treasury plans to sell $101 bln debt next week            [ID:nN21559422]
> US credit rating stable but not guaranteed forever -Moody's  [ID:nN21313143]
> US pours $7.5 bln into auto lender GMAC                      [ID:nN21378234]
  ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS
> Unravelling markets bode ill for US economic might           [ID:nN21394511]
> Federal Reserve support still key to healing US money market [ID:nN21274430]
> US dollar slide could be investment game changer             [ID:nLL434540]
> Banks may try debt swaps but investors balk                  [ID:nN20373570]
> Bond investors embracing banks, despite peril                [ID:nN20514972]
> European money markets healing but improvement slow          [ID:nLI095100]
> US banks are kept guessing on TARP repayment                 [ID:nN19442071]
> Price worries again threaten world food outlook              [ID:nN19448408]
> Investors expect better hedge fund terms                     [ID:nN19406936]
> Wary of US debt, China shifts gears on investment            [ID:nPEK173435]
> US AAA credit rating safe despite ugly fiscal picture        [ID:nN18366282]
  FACTBOXES
> The Federal Reserve's evolving liquidity toolkit             [ID:nN19437787]
> Major US financial regulation reform initiatives             [ID:nN14510432]
> Obama administration efforts to tackle financial crisis      [ID:nN14509260]
> Federal Reserve purchases of US Treasury debt                [ID:nN14488054]
> US regulators propose regulating OTC derivatives             [ID:nN13627181]
> Summary of 19 US stress tested banks' capital plans         [ID:nN11540406]
> Full text ECB statement on rates, asset buying               [ID:nECBTEXT]
> Facts and figures from Obama's budget                        [ID:nN06299995]
> Details of Chrysler bankruptcy, restructuring plan           [ID:nN30323164]
> TEXT-G7 communique-April 24                                  [ID:nN24515491]
> World government actions to limit bank bad loan damage       [ID:nLL193589]
> Where has all the US bailout money gone ?                    [ID:nN0289041]
> G20 summit final communique                                  [ID:nL2577733]
> US Treasury details toxic asset plan                         [ID:nLN437165]

 

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