Goodman
03-06-2011, 09:31 PM
Ewwww. Not good. Traders used to BUY dollars when times got weird.
http://www.ft.com/cms/s/0/e050b72e-4823-11e0-b323-00144feab49a.html#ixzz1FsRQwq6J
Traders ‘short’ dollar as currency loses attraction
By Peter Garnham in London
Published: March 6 2011 20:10 | Last updated: March 6 2011 20:10
Hedge funds and forex dealers are betting record amounts against the dollar, reflecting a growing belief that the US currency has lost its haven appeal and that eurozone interest rates will soon rise.
http://www.ft.com/cms/s/0/e050b72e-4823-11e0-b323-00144feab49a.html#ixzz1FsRQwq6J
Traders ‘short’ dollar as currency loses attraction
By Peter Garnham in London
Published: March 6 2011 20:10 | Last updated: March 6 2011 20:10
Hedge funds and forex dealers are betting record amounts against the dollar, reflecting a growing belief that the US currency has lost its haven appeal and that eurozone interest rates will soon rise.