Dollar falls as Saudi investors…
Bob Morris @ Aug 21st 2002 10:06 - Category: Unfiled
Dollar falls as Saudi investors ‘withdraw billions’.
The dollar today fell from recent highs against the euro and yen following a report that Saudi investors were pulling billions of dollars out of the US.
This is precisely what the Federal Reserve does not want to see happening. Foreign money invested in stocks and government bonds is one of the main support of our currency.
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