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
Web: www.akemancapital.com