Dollar Declines as Foreigners Slow Purchases of U.S. Assets

[NNN0LHI]

http://www.bloomberg.com/apps/news?pid=10000101&sid=aB9rXkQxbU7Y&refer=japan

April 15 (Bloomberg) -- The dollar dropped against the euro as a government report showed international investors slowed purchases of U.S. assets in February and a Federal Reserve index of manufacturing fell to a two-year low.

Foreigners bought a net $84.5 billion of U.S. government and corporate bonds, stocks and other financial assets, the Treasury Department said. The figure in January was revised to $92.5 billion from $91.5 billion.

``There's not a growing appetite for U.S. securities,'' curbing demand for dollars, said Adam Myers, a currency strategist at Societe Generale SA in London. ``Last month's figure gave people a false sense of security.''

Against the euro, the dollar fell to $1.2857 at 9:03 a.m. in New York from $1.2813 late yesterday, according to electronic foreign-exchange trading system EBS. The dollar declined to 108.09 yen from 108.19. The dollar yesterday strengthened to a two-month high against the euro and on April 5 rose to the strongest in five months versus the yen.

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[Mountainman]

1. Well we just send Kindasleazy Rice to all them there foreigners and just

tell them to change their ways or we won't bring them more democracy!

The nerve of them countries not buying what we have to sell. Don't they know the repukes are in charge and everything is going just swell?

[concord]

2. Hey, you're a poet!

Look:

The nerve of them countries
not buying what we have to sell.
Don't they know the repukes are in charge
and everything is going just swell?

:hi:

[cliss]

3. Huh? Who could have guessed?

I know what John "Snowjob" Snow was thinking, after he let the dollar swirl in the toilet bowl for a while before he flushed it.

He was thinking, in his little puny peanut brain, "This is actually a good thing. Of course, we'll support the dollar, yes indeed. We'll support it......but if it does go down, it could be a bonanza for the US, because foreigners will come here for a vacation. They'll spend money here AND buy US-made goods because everything will be cheaper, relative to their currency.

Little did he know other countries could have decided to boycott the Dollar.

[kineneb]

4. Uhh, folks, what US-made goods?

Last I noticed, almost everything has a "Made in China" sticker on it. Do we actually produce anything here any more? I mean, stuff that people in other countries would actually buy?

[freedom_to_read]

5. i think we need to concentrate on making stuff we ourselves buy

2 birds

1 stone.

[kineneb]

6. of course

but we are also talking balance of trade/trade deficit. And the US of Amnesia produces very little in comparison to what it imports (think MallWart). I for one, try to buy locally whenever possible.

[NYC]

7. I fully agree with you.

:hi:

[xchrom]

8. indeed.

you have to have a diverse economy.

to think that we don't manufacturing is a fatal flaw.