Obama win cements need for strong dollar policy
Reuters, Wednesday November 5 2008
By Gertrude Chavez-Dreyfuss
NEW YORK, Nov 5 (Reuters) - With Democratic Senator Barack Obama headed to the White House, the U.S. dollar looks poised to continue its four-month rally over the coming months, especially if the new administration embraces a strong currency policy to help attract much-needed capital inflows.
Under Obama, the United States will have to sell a raft of new debt to maintain funding for two wars, pay for a massive bailout package aimed at unlocking tight credit markets and fund a potential second stimulus plan.
Attracting investors to new U.S. debt will be a top priority, and a strong dollar will be crucial in luring fresh cash into the United States.
To read the full story please follow this link:
Courtesy: Online Currency Exchange | guardian.co.uk | reuters
No comments:
Post a Comment