Strathclyde Associates Korea Market Outlook December 2009
The dollar has declined 15% against a raft of six major currencies from the highs set in March and is down more than 37% from a peak in 2001. Analysts are of the opinion that another sharp drop in the dollar – or a spike in volatility due to bad news – could heighten foreigners concerns about US stocks, and that could create a confidence crisis that spurs calls for re-examining the currency regime.
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