Betting on the Stronger Dollar
From blogs.smartmoney.com
The greenback has been helped by recent positive economic data, including the labor market improvements and stronger spending that helped lift stocks earlier this year. Advisers say the gains should continue over the next several months as recession worries brewing in Europe push more investors into U.S. stocks. That could help the dollar increase against European currencies like the euro and the British pound, says Paul Christopher, chief international strategist for Wells Fargo Advisors. “It’s a flight to safety,” says Scott Brown, chief economist at Raymond James. Investors are also more bullish on the ...
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