November 27, 2009
Dubai Debt Crisis Triggers Flight to Dollar Rally
The U.S. Dollar is climbing sharply higher as global investors dump stocks and commodities on concerns about Dubai World’s debt problems. Fear is racing through the global investment
community, making lower-yielding assets such as the Dollar and the Yen more attractive. The situation in Dubai began to break late Wednesday night and spilled over into Thursday while U.S. markets
were closed for the Thanksgiving holiday.
Investors began to take money out of higher risk assets when …
