Pound Competition No Match for Dollar
"I love competing." - David Duval
The state of the eurozone continues to generate concern within the market, with the new battleground being Spain and its fragile banking system. Money has continued to rush into safe-haven assets such as German Bunds , U.S. Treasuries (iShares Barclays 7-10 Year Treasury (IEF)), the yen (CurrencyShares Japanese Yen Trust (FXY)), and the British pound (CurrencyShares British Pound Sterling (FXB)). Excluding Germany, the common denominator across most safe-haven currencies is the ability of the underlying government central banks (U.S., Japan and the U.K.) to buy government debt through various forms of large scale asset purchases (quantitative easing), making the printing press the ultimate backstop....199 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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