Money Markets
Greenback no longer one way bet for investors
Despite the losses of the dollar, it remains 7.5 per cent above its record low against the euro at $1.6040 set in July, 2008. Photo/FILE
By REUTERS
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Posted Tuesday, November 24 2009 at 00:00
Posted Tuesday, November 24 2009 at 00:00
Three-month bill rates dived last week to reach a wafer-thin 0.015 per cent, suggesting investors were seeking safety at any cost over year-end.
Treasury sells a huge $118 billion in two-, five- and seven-year notes this week and traders expect strong demand for the more liquid shorter-dated paper.
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