16.12.2009 - All eyes are set on the direction the universal currency will take in the coming quarter
From Stockmarketsreview.com: The dollar has witnessed a falling trajectory post March this year without any respite whatsoever. A number of factors contributed to this slide - ongoing dollar carry trade and loose monetary and fiscal policies at its forefront. The Fed, by reducing the inter-bank lending rates to near zero levels and signaling keeping the rates at this level for an extended period of time, intensified the pace of the dollar carry trade, marking a substantial unwinding of the yen carry trade......................................Full Article: Source
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