December 20, 2009
Debt Issues This Week Could Drive Dollar Higher
The U.S. Dollar finished at a 15-week high buoyed by debt concerns in Greece and the Fed’s release of more detailed plans to remove excess liquidity from the financial system.
The U.S. Dollar opened last week lower after Abu Dhabi ponied up $10 billion to shore up the debt of Dubai World. This break was short-lived, however, because speculators bought on
the break in anticipation of more hawkish comments from the Federal Reserve. The Dollar remained …
