Dollar Weakness Is Just An Illusion |
March 21, 2011 | March 2011 Bond Updates |
Counterintuitively, the dollar seemed to have suffered widespread losses on Friday, on a day that Japanese currency intervention would appear to pump up demand for the greenback and prop up its value. A look at a bullish U.S. dollar ETF, the PowerShares DB US Dollar Index (UUP), shows the greenback falling for a second consecutive session against very liquid currencies such as the euro, the British pound, Swiss franc, and even the Canadian dollar. |
View more at: http://blogs.forbes.com/afontevecchia/2011/03/18/dollar-weakness-is-just-an-illusion/ |
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