The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency’s primacy.
Without a credible plan to rein in fiscal spending, the agency said external creditors could reduce dollar holdings, [...]
Posts Tagged ‘us debt’
U.S. dollar still rules, but debt level a risk: S&P
March 11th, 2010 by Mortgage Writer
Tags: borrowing, debt, us debt, us dollar, US Economy, us fiscal
more...New York manufacturing picks up but China sells U.S. debt
February 16th, 2010 by Mortgage Writer
A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.
At the same time, U.S. capital flows data underscored analysts’ worry that the economic recovery could be stymied by a steep rise in bond yields, making borrowing more expensive for [...]
Tags: borrowing, business, economic recovery, homeowners, us capital flows, us debt
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