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05-26-2011, 06:43 AM #1
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Key Bond Managers: Future Looks 'Terrible' for US Dollar
Key Bond Managers: Future Looks 'Terrible' for US Dollar
Wednesday, 25 May 2011 11:01 AM
Top-performing global bond fund managers are sticking with long-term bets against the U.S. dollar even as the currency has rallied more than 4 percent since the end of last month.
From Bill Gross, who runs the $241 billion Pimco Total Return Fund, to Anthony Norris, whose Wells Fargo Advantage International Bond Fund has $1.8 billion, the investors are convinced that the greenback will lose ground against a range of currencies in emerging markets and selected developed countries such as Australia and Norway.
“The long-term fundamentals still look terrible for the dollar,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
10% To 27% of 30 Million Non-Citizens Are Registered To Vote
05-15-2024, 10:29 AM in General Discussion