Currencies Volatility & Global Economy (Video)

April 14, 2008

Apr. 14, 2008. 12:15 AM EST

Dollar rises against Euro, Yen after G-7 raise concern about currencies; Rupiah weakens with Peso as rice feeds asian inflation surge; Zhou says market dominates Chinese Yuan exchange rate; Analysis by Aaron Pan of Bloomberg News

Transcript:
hich rice increases? hese re ifferent stages. re definitely anting o rely n the pricing mechanism. e was speaking ne f our reporters. here re oncerns bout slide he dollar and olatility, now talk aron an. his has ot een ll hat all the volatile. - all that the olatile - all that olatile re waiting to ee if there is going to e any kind of tervention, e’ re doing this ooking forward. e want to ee if this s a sign of things to come. > we will have ome nalysis, in the next few minutes. et’ ook his, e have some olatility rom he rice eating countries. hat is appening here? ith hese currencies for southeast sia, we hem at high not seen in several ears, and he government’ s and he central banks are also sing his to control inflation. hey are concerned hat his ould rise ecord involving other commodities as ell, hey may be pulling out of this. > and a comment about this the interest rates e were talking bout he arket laying a bigger role in he alue the yuan. aid this would dangerous for the exchange ate not to eflect on the economy. hould be appier hat market is determining more of the movement. lso ave the nderlying currency appreciating. his has to be seen. > thank you very uch for that. have aid, e will ind out a little bit ore bout what is going o be coming p, ill there be ny ind of ction at any time? ill ind out more bout his after the break. him.

Written by Mr. O · Filed Under Asia, Banking, Banks, China, Commodities, Currencies, Dollar, United States, Videos, World, Yuan