Sunday, October 4, 2009

Morgan Stanley: the trend of further reduction of U.S. currency recovered itself

New finance ministers' meeting G-7 did not have sprung a surprise, as officials, complaining that the weakening of the U.S. slows down the rest of the way out of recession, once again preferred to sleek statements like: "Excessive volatility and disorderly movements in exchange rates have a negative impact on the economy and financial stability. " "I think investors are counting on greater certainty," - said Sophia Drossos, head of currency strategy at Morgan Stanley in New York. - "Now we expect that trend to further reduction of U.S. currency recovered by itself."

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