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Periscope.(new from around the world )
CURRENCY
Taking Stock of the $
Last spring the U.S. dollar looked as if it was heading for a meltdown. The bears warned that it marked the end of the strong-dollar era, a time when New Economy hype overinflated the price of the dollar as well. So now that the greenback has bounced up about 8 percent in the past three months against the euro, you'd guess that all those pessimistic analysts are eating their hats.
Guess again. This is an uptick that cannot last, insist the bears; the dollar is climbing because a mini-bubble in bonds burst in June, sending long-term interest rates higher. Many investors think higher rates mean that a powerful ...
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Source: HighBeam Research, Periscope.(new from around the world )