| Dollar: Safe-Haven Appeal is Fading
September 11, 2009 at 6:02 am
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| | After moving sideways for months, the dollar has now fallen below the lower boundary of the trading range. The US currency weakened against almost all major currencies, the ICE Dollar Index dropped by around 2%. EUR-USD rose to about 1.46; USD-JPY fell below 91 - the lowest level since February.... |
| Weekly Market Commentary
September 11, 2009 at 5:51 am
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| | Generalised US dollar weakness is likely to gather steam, increasing implied volatility. This will be unwelcome news for the new Japanese government who has had to wait fifty years to be elected and now must battle Yen strength (possibly against nearly all currencies as consensus positions are reviewed). G7 Money... | | |  |
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