Friday, November 19, 2004
Dollar slides after Greenspan remarks on deficit
Ashraf Laidi, currency strategist at MG Financial, said the comments: “left little imagination to currency traders other than to sell the US currency.”
A bad sign. A very bad sign.
U.S. Treasury notes fell the most in two weeks after Federal Reserve Chairman Alan Greenspan said foreign investors may sell U.S. assets or demand higher interest rates because of the record current account deficit.
Another bad sign.
Posted by Alice at 11/19/2004 11:59:00 AM