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View Full Version : Dollar Set to Decline in 2011 as Fed Keeps Rates Near Zero, JPMorgan Says - Bloomberg



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01-07-2011, 06:00 AM
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Dollar Set to Decline in 2011 as Fed Keeps Rates Near Zero, JPMorgan Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFmU0Hd4ghvMCS3dcyMaalL9W2V-A&url=http://www.bloomberg.com/news/2011-01-07/dollar-set-to-decline-in-2011-as-fed-keeps-rates-near-zero-jpmorgan-says.html)
Bloomberg
The US currency will be used to fund so-called carry trades, where it is used to buy higher-yielding currencies, said John Normand, the London-based head of ...

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