Carry Trade Pairs Jump As US Gov't Takes Over Fannie Mae and Freddie Mac, Dollar Continues Gains vs Euro, Pound
Monday, September 8th, 2008
News over the weekend that the Treasury Dept. was going to take over Fannie Mae and Freddie Mac caused carry trade pairs to gap on the side of higher-yielders. The Yen and Swiss Franc were lower. The Dollar hit a new 11-month high vs the Euro.
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US NOW 10 TRILLION IN DEBT.
odin422 3 years ago