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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (491)	8/28/1998 12:40:00 PM
From: Robert Douglas	Read Replies (2) of 3536

To all currency watchers. What happened to all the pundit's predictions that the turmoil in Russia would cause a flight to the US dollar? The dollar has been quite weak the last two days despite the turmoil in world financial markets. Has the weight of the US trade deficit finally become so great as to swamp the investment flows? Where do you see the US dollar going and why? -Robert

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