December 14, 2009
Dollar Falls after Abu Dhabi Aids Dubai
The U.S. Dollar finished lower today against a basket of trade weighted currencies. The Greenback was under pressure all day and never quite recovered following an overnight
announcement that Dubai received $10 billion in financing from Abu Dhabi to pay part of the debt held by the state-owned Dubai World.
Global investor concerns were eased by this event because it helped to alleviate the need to use the Dollar as a safe haven investment. Last week, the …
