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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
