Tuesday, November 10, 2009

UniCredit: The holiday in the United States can support the dollar

According to currency strategists UniCredit, tomorrow's a holiday in the U.S. (Veterans Day) can now support the U.S. currency. As noted in the bank, the implementation of exit strategies do not happen very soon, and in these conditions, the growth in the securities market, are likely to continue to the detriment of the U.S. dollar, the weakening of which is virtually mandated by the IMF and the Big Twenty. Yet, the risks of profit-taking in anticipation of the holiday in the United States is rapidly increasing.

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