Thursday, 21 July 2011

AllianceBernstein Stops Bets Against Dollar, Starts Shorting Euro, Pound

http://www.bloomberg.com/news/2011-07-20/alliancebernstein-stops-betting-against-dollar-shorts-euro-and-u-k-pound.html?cmpid=

“The dollar is cheap at the current level, as a lot of bad news has been discounted,” Chung said in an interview. “We are slightly more positive on the dollar now. We were a bit short three months ago. Another reason is that the debt problem inEurope is getting worse.”

No comments:

Post a Comment