Weaker dollar seen
Source: Xinhua |
March 26, 2011, Saturday
|
Print Edition
Print Edition
CHINA'S central bank yesterday said the US dollar is expected to weaken with the slow recovery of the United States economy, and global commodity prices will rise on greater demand.
Fears regarding the European sovereign debt crisis and the spread of geopolitics could support the dollar temporarily, according to a report on the 2010 global financial market published by the People's Bank of China on its website.
Liquidity will remain abundant and raise commodity prices in 2011. Extreme weather and political unrest in parts of the world will limit commodity supplies, which could also force prices up, the report said.
As the global economy shakes off the financial crisis gradually, major economies will lift short-term interest rates.
Fears regarding the European sovereign debt crisis and the spread of geopolitics could support the dollar temporarily, according to a report on the 2010 global financial market published by the People's Bank of China on its website.
Liquidity will remain abundant and raise commodity prices in 2011. Extreme weather and political unrest in parts of the world will limit commodity supplies, which could also force prices up, the report said.
As the global economy shakes off the financial crisis gradually, major economies will lift short-term interest rates.
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