A change in balance

- By FX Markets Staff
- @FXMarkets_
- 05 Dec 2005

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Recent two-year dollar highs have confounded most commentators. Naturally, it didn't take long for the market to get on the back of the USD rally, discarding US deficit reason, and going with 'increasing interest rate differentials' as justification. Of course, that is too simplistic, though the increasing cost of financing US treasury bond hedges for Japanese fund managers did encourage some to abandon them, adding to dollar upside.

Perhaps the most important and ultimately surprising factor to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com