Word: foreigners
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Dates: during 2000-2009
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...with it?" asks Mark Matthews, a Hong Kong-based strategist for Fox-Pitt Kelton Securities. Yuan holders can invest their excess savings in Chinese securities, but only up to a point. The Chinese government said on Dec. 9 that it will triple the amount of domestic securities qualified foreign funds are allowed to purchase to up to $30 billion. But trillions of dollars can be sunk into secure U.S. Treasuries, which have no limits on foreign purchases...
...dollar has also been supported recently by the deleveraging taking place within the U.S. financial system. Desperate for cash, U.S. financial institutions have been liquidating foreign assets and repatriating the funds, pushing up the value of the dollar. As that process plays out, a key support of the dollar's value could be removed. Currency markets are clearly jittery. In late March, U.S. Treasury Secretary Timothy Geithner sent the dollar tumbling when he said he was "actually quite open" to China's proposal for a greater role for SDRs. The dollar lost 1.3% against the euro within 10 minutes...
...Despite all the nervousness, the dollar is not necessarily destined to decline. Large budget deficits don't automatically lead to weaker currencies. In the early 1980s, the dollar strengthened even as the Reagan Administration embarked on a spending spree, because higher interest rates attracted foreign money, pushing the dollar up. The budget deficit "is not at the center of thinking about the dollar," says Richard Portes, an economist at the London Business School...
...nuclear weapons program and its already extant launch capability should be worrisome for all concerned parties in Northeast Asia. Nevertheless, we are reassured by the Obama administration’s handling of the crisis and hope to see continued efforts in furthering nuclear nonproliferation as a cornerstone of U.S. foreign policy...
...Outside of the region, the Obama administration should make continued nuclear nonproliferation efforts a priority in its foreign policy, and should hold both allies and adversaries to a zero-tolerance standard with regard to clandestine or illegal nuclear weapons programs. The Nuclear Non-Proliferation Treaty, originally opened for signature on July 1, 1968, governs the peaceful use of civilian nuclear technology in the international community and places strict safeguards on national nuclear programs, especially with regard to fissile material that could one day be used to construct a nuclear weapon...