May 21 (Bloomberg) -- The dollar’s drop is broadening amid the thaw in credit markets and investor concern about the long-term effects of the Federal Reserve’s asset-buying program, according to Royal Bank of Scotland Group Plc.
“The decline in the dollar has developed more a life of its own this week, extending to major currencies,” Greg Gibbs, a foreign-exchange strategist in Sydney, wrote in a note today. “The broader thematic is that simply the U.S. was and is pursuing a relatively easy monetary policy that tends to create inflation pressure.” read more
“The decline in the dollar has developed more a life of its own this week, extending to major currencies,” Greg Gibbs, a foreign-exchange strategist in Sydney, wrote in a note today. “The broader thematic is that simply the U.S. was and is pursuing a relatively easy monetary policy that tends to create inflation pressure.” read more
