PDA

View Full Version : Morgan Stanley Sees 10% Trade-Weighted Dollar Drop, Favors Yuan - Bloomberg



NewsWhore
05-28-2009, 11:20 PM
<img alt="" height="1" width="1">
Morgan Stanley Sees 10% Trade-Weighted Dollar Drop, Favors Yuan (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaayVIaGYAfeE%26refer%3Dasia&cid=0&ei=61YfSsO7EcyFjAel99CRAw&usg=AFQjCNGObR9eajgsysyb5Bad42B7f-Wa2A)
Bloomberg
“If market participants start believing that a sharp dollar decline is likely then we would expect increased questioning of the sustainability of US currency pegs,” analysts led by Yilin Nie wrote in a report dated yesterday. ...


More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaayVIaGYAfeE%26refer%3Dasia&cid=0&ei=61YfSsO7EcyFjAel99CRAw&usg=AFQjCNGObR9eajgsysyb5Bad42B7f-Wa2A)