By Daniel Tilles
Oct. 1 (Bloomberg) -- Declines by the dollar may be less dependent on gains in stock markets, according to Royal Bank of Scotland Group Plc.
“The dollar’s slide probably no longer relies heavily on the equity market reinforcing risk appetite,” Greg Gibbs a foreign-exchange strategist in Sydney, wrote today in a report. “Provided equities don’t slide too far, the dollar may remain on a weaker path. The dollar is the weakest link as the preferred funding currency.”
To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net
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