Dollar No Longer Haven After Fed Moves Rate Near Zero (Update2)
I did not expect the dollar rally, and it has proved to be both short term and ultimately absurd, like the final movements
of a newly dead body.
By Kim-Mai Cutler and Bo Nielsen
Dec. 17 (Bloomberg) — The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated. Read the rest of this entry »