Tag Archives : Nikkei Index

Dollar Still Rising On Dubai, Intervention Worries

Dollar Still Rising On Dubai, Intervention Worries

Posted by on November 26, 2009 · 0 Comment

On Thursday the dollar is still rising after midday in Europe. There are currently two factors that are driving this rise in dollar. One is the fear of a debt default by Dubai World and the other is talk of intervention by the Bank of Japan and suspected intervention by the Swiss National Bank. This has reversed the dollar’s recent sharp fall which took it down to a…

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