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.
Showing posts with label International tension. Show all posts
Showing posts with label International tension. Show all posts
Tuesday, November 23, 2010
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