Heightened International Tension Strengthens Dollar
The conflict between North and South Korea is having a predictable effect on credit markets this morning.
Specifically, whenever international tensions kick up, there is a flight to safety, which -- at least until now -- translates into demand for U.S. dollars and U.S. debt.
That strengthens the dollar, and (also) drives interest rates lower, however temporarily.
Tuesday, November 23, 2010
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