The recent depreciation of the dollar is a prelude to a sharp decline

The financial crisis will usher in a new shock wave-the dollar crisis broke out?　　In a media interview this week, Jim Rogers said the dollar crisis could explode in the autumn of this year or next fall.　　The US dollar index fell sharply, hitting its lowest point to 81.87, and the dollar fell to its lowest level in two weeks to a minimum of 95.78, according to data from the U.S. Treasury in Tuesday, which showed the government's budget deficit was $20.91 billion trillion in April, a record high in the month. The dollar was still heavily dumped by investors, even though Federal Reserve Chairman Ben Bernanke said in a meeting in Tuesday that the dollar would remain strong.　　Citigroup's currency strategy analyst said in a study that the recent depreciation of the dollar was only a prelude to a more substantial decline. "The status of the dollar is not going to be shaken at the moment, and the dollar will remain stable in the long run." Fang Shihai, chief economist of Hongyuan Securities, said in an interview with the Huaxia Times, "the short-term decline is only a reflection of the financial crisis at the bottom of the dollar, and the recent rise in market risk appetite." "The dollar fell to its lowest point in 7 weeks against the euro in Tuesday, and the euro climbed to 1.3722 U.S. dollars at its highest level since March 23." Crude oil price plate once exceeded 60 USD per barrel, Wednesday closing times 59.77 USD/barrel. The dollar fell to its lowest level of 95.24 yen since March.　　The euro also fell to a two-week low of 129.35 yen. Greenspan also said in Tuesday that the US housing market was bottoming out and that the recovery in financial markets was clear.　　Analysts said that if signs of economic recovery continue to emerge, more dollar selling will likely emerge in the coming weeks. "The dollar is under downward pressure and is not bullish on the dollar for long. "The Snow Xin Foreign exchange Finance team chief foreign exchange strategy analyst Xue Xin to" Huaxia Times "reporter said," The US issue of government bonds and a series of bailout plans would require a lot of money, and a currency-printing machine would surely lead to a devaluation, but in the short term it does not seem to have any effect on the dollar, but the dollar's position is weakened step-by-step. It is possible to repeat the collapse of the Bretton Woods system in 1972. "While the dollar has fallen, US Treasuries are also falling, which is not good news for China, which holds a lot of U.S. debt."　　China sold $960 million trillion of U.S. Treasury bonds in February and bought $5.6 billion trillion in U.S. Treasury bonds, according to the Treasury's latest figures, with a report from Standard Chartered Bank analyst Ching that it is estimated that China's holdings of US Treasuries increased to $938 billion a month, compared with the unofficial TIC data showing $744.2 billion trillion. Paul Krugman, the Nobel laureate who visited China this week, argued that China was entering the dollar trap: On the one hand, Mr Zhou called for a new "super reserve currency" to replace the dollar, while China held large amounts of US treasuries and dollar reserves.　　Krugman has shown pessimism about the economic recovery, saying it is natural to expect the recovery to take a few years, and the dollar to fall. The House of the Sihai thinks,The dollar's position is irreplaceable, and despite the country's bad economy, Europe and Japan are even worse off. "A new round of crises is likely to erupt, as the shift in the US subprime mortgage securitization has not yet been revealed in depth." "The new crisis may turn to Asia or Russia, and I'm afraid there will be no sign of economic recovery until the second half of next year," said Xue Xin. ”