Dollar Shoots Higher Amid Financial Crisis

Platt, Gordon
November 2008
Global Finance;Nov2008, Vol. 22 Issue 10, p62
Trade Publication
The article discusses the fact that the dollar and the Japanese yen are being propelled higher despite the effect of the global financial crises. Marc Chandler, global head of currency strategy at Brown Brothers Harriman, said that dollar is being propelled higher by the shifting economic outlook or widening interest rate differentials or the acute nature of the financial crisis. On the other hand, Japanese yen is also benefiting from an unwinding of the carry trade.


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