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The current account will get smaller via lower remittances and drive the peso weaker, so the fundamentals are changing," said Sean Yokota, head of Asia Strategy at the Scandinavian bank SEB in Singapore, adding that he expects the peso to lose more than 5 percent of its value against the greenback on a three-month horizon.
They say the present decrease in the exchange rate of the greenback is temporary.
Earlier on Thursday, the dollar index, a measure of performance of the greenback against a basket of six major currencies, fell to 73.
Another dealer predicted the price of the greenback would continue to fall.
The one relevant to this discussion is that, unlike earlier Treasury issues (the Treasury Notes of 1814 and the 1861 Notes), the Treasury had authority to reissue any Greenback it received.
The greenback has dropped to a 15- month low against a basket of six major currencies this week, prompting a rare recent comment on its value by US Federal Reserve Chairman Ben Bernanke The peg issue is gaining momentum again as the dollar retreats and oil prices recover, helping economies in the world's top oil exporting region emerge from a downturn.
But in many places, especially those where black markets in currencies are an integral part of the economy, the greenback is still king.
Certainly, the impressive strength in the greenback has rekindled hopes of the more than 3.
Due to the mishap, the greenback cutthroat trout population isn't as strong as scientists believed.
1994 Greenback, trained by Philip Hobbs and ridden by the trainer's brother Peter, beats Radiant Dancer in the juvenile hurdle at Exeter.
As the value of the greenback continues to plunge, so too does the value of the dollars that the Japanese government has already purchased.
The GREENBACK CUTTHROAT TROUT (Onchorynchus clarki stomias) measures 12-18 inches in length and has larger black spots and more brilliant spawning colors than other cutthroat species.