Dollar Fades

Analysts say, as a currency U.S. dollar in world trade began tofade as world leaders meet to discuss the implications of the decision to release the S & P rating of triple A US-owned. In his comments, Guan Jianzhong, head of the Dagong Global Credit Rating, said the dollar "slowly began to be released by theinvestor in the world," and "this process can not be reversed."Dagong made ​​headlines last week after becoming the firstrating agency to cut its debt ratings United States of "A +" to "A"after the Washington failed to act timely in raising the debt limit.

However, the announcement is not dismissed the market as investors still have not decided to evaluate it seriously. Until nowhowever, I'm still not too sure there is a view of the risk due todowngrade of Dagong, said Steen Jakobsen, chief economist at Saxo Bank. "However, it is clear that the rating can industibekompetisi and deviated from the agency's own beliefs.

Officials from around the world held a conference on Sunday todiscuss the second debt crisis in Europe and the U.S. whichresulted in chaos on the markets and sparked concerns over a recession again. After a week in which investors are attracted2.5 trillion dollars from global stock markets, political leaders are under pressure to convince investors that the government wantsand is able to reduce their public debt is large and growing.08/08/2011

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