Insecurity points to weaker USD |
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Swiss franc : return of the “safe haven”? Yen appreciating fast – for how long? US dollar Right now, it is hard to ascertain which determinants are driving the EUR/USD exchange rate. Until recently, it was the oil price, even though the relationship between low oil price and firmer USD was not completely plausible. Accordingly, this negative correlation ended when it became known that the US investment bank Lehman Brothers had filed for Chapter 11 and the US insurance company AIG was in dire
Filed under: Fundamental
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