Stocks Up, Dollar Down As Investors Eye Riskier Bets
- Wednesday, June 1, 2011, 2:25
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It’s amazing what a drop of sunshine will do to sentiment. Investors returned from a long three-day weekend to find global equity markets surging on optimism that an advancing global economy will spur earnings while hopes spread that European leaders kicking the can down the road one more time will save blushes in Brussels and Athens. Latest CFTC data explain the dollar’s recent surge as a massive short-covering exercise while wrong-footing investors in the pound and the Aussie.
http://blogs.forbes.com/greatspeculations/2011/05/31/stocks-up-dollar-down-as-investors-eye-riskier-bets/
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