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#1
22nd September 2006, 01:42 PM
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US Market impact on asian markets
The economic growth in the US is said to be even slower that was expected earlier . This is causing lots f problems for the US dollar as well which declined yesterday against the Asian currencies. Due to this even the Asian markets declined along with the US market.
I feel that the US dollar has weakened quite a lot against the Yen , Pound, Euro and the Australian Dollar too. This means that exporters get less for sales denominated in the American currency while their products become less competitive overseas, hence causing problems for the exporters. So well I believe this situation with the Dollar and the US Market is going to continue , causing problems for the Asian markets in turn. For more reports... 
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