One-way dollar bet continues
FRONT PAGE NEWS
NEW YORK -- A one-way bet on the dollar is set to continue this week, after tumultuous trading in response to fresh accounting crises at US firms and ongoing intervention in the currency markets last week.
"People have not given up looking for parity [in euro versus dollar]," said Marc Chandler head of the client advisory and strategy team at HSBC in New York, adding that it may come this week.
The psychological barrier was only just denied the euro on Friday, after fallout from two US
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