Fisher Capital Management Investment: Dollar Falls a Second Day Versus Euro as
Slowdown Spurs Easing Prospects
http://www.
bloomberg.
com/news/2011-08-03/dollar-falls-2nd-day-versus-euro-asslowdown-signs-spur-easing-prospects.
html
The dollar fell versus...
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Fisher Capital Management Investment: Dollar Falls a Second Day Versus Euro as
Slowdown Spurs Easing Prospects
http://www.
bloomberg.
com/news/2011-08-03/dollar-falls-2nd-day-versus-euro-asslowdown-signs-spur-easing-prospects.
html
The dollar fell versus the euro for a second day on speculation the Federal Reserve will
consider increasing monetary stimulus to counter a slowdown in the U.
S.
economy.
The U.
S.
currency dropped against most of its major counterparts before reports
forecast to show U.
S.
initial jobless claims rose and the unemployment rate remained
above 9 percent.
The yen held a two-day decline against the euro on prospects
the Bank of Japan will follow its Swiss counterpart in easing monetary policy to curb
currency strength.
“The dollar will still continue to fall significantly,”said Kurt Magnus, executive director of
currency sales at Nomura Holdings Inc.
in Sydney.
In the U.
S.
there’s “no recovery
whatsoever.
I think interest rates will remain zero for th
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