Dollar

Why is the dollar strong?

Bank X, a foreign bank takes $ deposits and invests proceeds in $ assets, sadly these turn out to be toxic. Bank X dumps the toxic assets, takes the loss. What do they have to do to make the depositor whole ?
BUY $

$ will gain against EUR and GBP, not JPY.

Posted by jck on October 2nd, 2008 at 8:39 am    0 Comment

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