Akeman Capital Advise their investors on The Upshot of the Dollar`s fall Released on: January 8, 2008, 1:13 am



Press Release Author: BizBuz123



Industry: Financial



Press Release Summary: The dollar\'s descent to record lows has many market players

fretting, but Akeman Capital believe there are positives, too. Here\'s what you need

to know.



Press Release Body: The U.S. dollar fell to an all-time low Nov. 7 2007, pushed over

the edge by some off-the-cuff comments from Chinese officials.

But, according to Akeman Capital who have offices in Sevilla, Spain, in the complex

world of currency markets, things are not always as they appear. Sources say that

Akeman Capital's top researchers believe that, while a dollar in the dumps might

look like a stain on U.S. pride and prestige, it might also be good news for

American consumers, workers, and companies.

Apparently Akeman Capital are advising their investors to ignore the loose talk

surrounding the dollar's slide. Their advisors reportedly recently explained that

the dollar\'s plunge started when some Chinese central bank officials were quoted

suggesting China would be diversifying its $1.4 trillion in foreign currency

reserves, moving away from dollar holdings. But Akeman Capital apparently feels that

those officials should not have been taken seriously because they have little power.



Many already assumed China and other Asian central banks were diversifying their

holdings, but they\'re not necessarily selling dollars, just buying extra Euros.

One Chinese official was quoted saying the dollar is \"losing its status as the world

currency.\" However, sources say that Akeman Capital believe that there is not a lot

of evidence for this contention.

In addition to this it has been revealed that Akeman Capital do not believe that the

dollar can drop much further. Sources say that Akeman Capital currency analysts

expect the dollar to rebound in the coming year.





Web Site: http://



Contact Details: Akeman Capital

Calle Camilo Jose Cela 1, L-5

Modulo 102

41018 Sevilla

Espana





Tel: 34-95-432-36-31

Fax: 34-95-432-36-32



E-mail: information@akemancapital.com

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