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...traders, who are piling into dollars with ever greater enthusiasm because it is so weak and cheap to borrow. "Dollar borrowing picked up steam after the G-20 summit {that ended in Pittsburgh on September 25} when traders concluded that interest rates in the U.S. were going to stay low for a long time," says Mark Matthews, chief Asia strategist for Fox-Pitt Kelton Securities. Adds Olivier Desbarres, a currency strategist for Asia with Credit Suisse: "Hedge funds, pension funds, and the trading desks of investment banks are now all putting this trade...
...trade in question is known as the "dollar carry trade" because it allows traders to borrow dollars at low rates while investing in another currency that offers a significantly higher short-term yield. One factor behind its growing popularity in Asia is because the other side of the trade - the currency one buys with the dollars one cheaply borrows - are mostly to be found in the Asia-Pacific region. Most coveted, according to traders, are the Australian dollar, the Indonesian rupiah, and even the infrequently circulated Sri Lankan rupee...
...Desbarres, mainly because the near-zero interest rates Japan once exclusively offered are now available from central banks across the globe. Ironically, the yen today looks relatively strong compared to the dollar, making it more expensive to borrow and so riskier to carry. "Even though interest rates are low everywhere as global demand gradually picks up, we think the yen will strengthen," predicts Credit Suisse's Desbarres. Economic growth in the U.S. appears so sluggish, by contrast, that Credit Suisse does not expect any rate hikes from the U.S. Federal Reserve, necessary to strengthen the dollar, until the middle...
According to Gharib, the impact of the study is the emphasis on trying to maintain body weight as opposed to allowing the weight to increase if someone is already overweight. Part of that maintenance, as Sun recommends, is moderate to rigorous physical activity and keeping total calorie intake low...
...huge tourist potential could also be part of a solution. In July, Udaipur earned the "world's best city" rating in a Travel & Leisure poll. Last year 1.2 million tourists visited the city; Rajasthan officials estimate tourism here jumped 10% last year. But when water levels drop so low that you can drive a jeep to the two hotels that are built in the middle of the lake - as they did as recently as July - so does the appeal of the destination. Deforestation around the lakes disrupts the flow of water, and waste dumping has caused "hot spots" that...