Economic Calendar

Monday, November 9, 2009

Dollar Weakness May Take on a ‘Life of Its Own,’ RBS Says

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By Daniel Tilles

Nov. 9 (Bloomberg) -- The dollar’s weakness may gather pace as 2009 draws to a close, according to Royal Bank of Scotland Group Plc.

“Overall risk appetite may remain relatively subdued into year-end, although it would not surprise to see the dollar weakness appear to take on more of a life of its own, rather than just a negative correlation to equities,” Greg Gibbs, a foreign-exchange strategist in Sydney, wrote today in a report.

To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net




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