« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Dollar May Weaken on Debt Breach: Citigroup . 

By: Decomposed in ROUND | Recommend this post (1)
Wed, 01 Jun 11 3:00 AM | 109 view(s)
Boardmark this board | De's Test Board
Msg. 33197 of 45510
Jump:
Jump to board:
Jump to msg. #

Dollar May Weaken on Debt Breach: Citigroup

By Cecile Vannucci
Bloomberg.com

May 31, 2011 3:23 PM ET


A breach of the U.S. debt ceiling may affect the dollar more than Treasuries because international holders of the debt may view the risk of permanent losses greater than domestic investors, according to Citigroup Inc.

“The foreign exchange reaction to a debt ceiling breach would be sharper and probably more permanent,” Steven Englander, the head of Group of 10 foreign-exchange strategy in New York at Citigroup, wrote in a note today. “It would legitimately tax foreign investor patience and lead to further dollar dumping whenever the opportunity arises.”


Full article: http://www.bloomberg.com/news/2011-05-31/debt-ceiling-breach-may-hurt-dollar-more-than-treasuries-citigroup-says.html




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next