Setelah EUR / USD mencapai level terendah di 1.2865 pada awal januari merangkak naik dalam waktu 1 minggu naik ke 1.3456 kemudian sempat terkoreksi hingga ke level 1.3241
kembali mata uang euro menunjukkan keperkasaannya menembus level 1.3463. Euro menujukan tren positif walau masih ada kekhawatiran terhadap utang negara-negara uni eropa namun sentimen membaik setelah berita bahwa pembeli asing mengambil sekitar 80 persen dari tagihan Treasury Yunani di lelang hari Selasa memberikan sinyal positif untuk mata uang euro.Setelah dibuka pagi ini pada level 1.3385 euro kembali menunjukkan tren positif bergerak naik ke level 1.3458 dan jika bisa melewati level 1.3465 uero akan berusaha menggapai garis resisten ke level 1.3485, jika level tersebut tidak mampu dilampau ada kemungkinan akan kembali kekisaran 1.3368.
Rabu, 19 Januari 2011
Selasa, 18 Januari 2011
Fed's Plosser: Monetary policy has its limits
(Reuters) - Monetary policy cannot speed up labor market healing or prevent asset price bubbles, and counting on it to do so may do more harm than good, a top U.S. Federal Reserve official said.
In a speech to be delivered in Santiago, Chile, on Monday, Philadelphia Federal Reserve Bank President Charles Plosser cautioned against relying too much on the central bank and said its powers ought to be curbed to prevent abuse.
"I believe we have come to expect too much from monetary policy," he said, according to prepared remarks, a copy of which was made available in Washington before the speech.
"Monetary policy is not going to be able to speed up the adjustments in labor markets or prevent asset bubbles, and attempts to do so may create more instability, not less."Plosser, a well-known inflation "hawk," rotates into a voting slot this year on the Fed's monetary policy-setting panel, the Federal Open Market Committee. The last time he had a vote, in 2008, he dissented twice because he thought the committee was lowering interest rates too aggressively.
Plosser said he did not rule out the possibility the Fed would raise interest rates this year, amid wider expectations for rates to remain low for a prolonged period. However he expects unemployment to lag for some time, and improve only slowly.
"If economic growth in the United States continues to gain traction and the prospects begin to look ever better, it might be time for us to begin thinking about how do we begin to gradually take our foot off the accelerator," Plosser told reporters.
"I do know that there is a danger that we wait too long, and the consequences of that might be disruptive and dangerous," he added.
QE2 COULD WRAP UP EARLY
Plosser has also questioned the effectiveness of the Fed's current $600 billion bond-buying program, and said last week it could backfire unless the central bank gradually changes course to head off inflation.
He said the quantitative easing program could wrap up earlier than five months' time, if conditions call for it.
In Monday's speech, Plosser said monetary policy's ability to neutralize the economic consequences of shocks such as rising oil prices or a sharp downturn in the housing market was "quite limited."
"Asking monetary policy to do what it cannot do with aggressive attempts at stabilization can actually increase economic instability rather than reduce it," he said.
He said the central bank, through some of its emergency lending programs set up during the depths of the financial crisis in 2008, had "crossed the Rubicon" into fiscal policy that should be the responsibility of Congress.
Those actions left the central bank vulnerable to political interference, he said, adding that it was likely the Fed would come under pressure in the future to "use its powers as a substitute for other fiscal decisions."
"This is a dangerous precedent, and we should seek means to prevent such future actions," he said.
In a speech to be delivered in Santiago, Chile, on Monday, Philadelphia Federal Reserve Bank President Charles Plosser cautioned against relying too much on the central bank and said its powers ought to be curbed to prevent abuse.
"I believe we have come to expect too much from monetary policy," he said, according to prepared remarks, a copy of which was made available in Washington before the speech.
"Monetary policy is not going to be able to speed up the adjustments in labor markets or prevent asset bubbles, and attempts to do so may create more instability, not less."Plosser, a well-known inflation "hawk," rotates into a voting slot this year on the Fed's monetary policy-setting panel, the Federal Open Market Committee. The last time he had a vote, in 2008, he dissented twice because he thought the committee was lowering interest rates too aggressively.
Plosser said he did not rule out the possibility the Fed would raise interest rates this year, amid wider expectations for rates to remain low for a prolonged period. However he expects unemployment to lag for some time, and improve only slowly.
"If economic growth in the United States continues to gain traction and the prospects begin to look ever better, it might be time for us to begin thinking about how do we begin to gradually take our foot off the accelerator," Plosser told reporters.
"I do know that there is a danger that we wait too long, and the consequences of that might be disruptive and dangerous," he added.
QE2 COULD WRAP UP EARLY
Plosser has also questioned the effectiveness of the Fed's current $600 billion bond-buying program, and said last week it could backfire unless the central bank gradually changes course to head off inflation.
He said the quantitative easing program could wrap up earlier than five months' time, if conditions call for it.
In Monday's speech, Plosser said monetary policy's ability to neutralize the economic consequences of shocks such as rising oil prices or a sharp downturn in the housing market was "quite limited."
"Asking monetary policy to do what it cannot do with aggressive attempts at stabilization can actually increase economic instability rather than reduce it," he said.
He said the central bank, through some of its emergency lending programs set up during the depths of the financial crisis in 2008, had "crossed the Rubicon" into fiscal policy that should be the responsibility of Congress.
Those actions left the central bank vulnerable to political interference, he said, adding that it was likely the Fed would come under pressure in the future to "use its powers as a substitute for other fiscal decisions."
"This is a dangerous precedent, and we should seek means to prevent such future actions," he said.
Senin, 17 Januari 2011
euro terkoreksi
Pada perdagangan hari ini tampak mata uang euro terkoreksi terhadap mata uang dollar setelah pada hari kamis dan jum'at mengalami kenaikan yang cukup signifikan setelah para petinggi uero memberikan jaminan untuk mengambil langkah mencegah kejatuhan mata uang tersebut.Sampai dengan siang hari ini euro masih diperdagangkan dalam kisaran sempit.pada hari ini uero setelah dibuka pada kisaran 1.3376 turun ke 1.3327. pivot:1.3363 resisten :1.3398 support :1.3280
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