#aberdeen’s Devan Kaloo says that by end of 2014 will see falling interest rates in emerging markets
At the #aberdeen investment conference in NYC. Head of global high yield Greg Hopper says ETF manager inventory not a measure of liquidity
NEW YORK, June 6 (Reuters) – The U.S. dollar recouped losses
Friday as investors added to a well-worn pattern of borrowing
greenbacks to buy higher-yielding currencies after solid U.S.
jobs data left little chance the Federal Reserve would speed up
This follows Thursday’s long-promised steps by the European
Central Bank to boost the level of monetary stimulus into the
euro zone economy, which, over time, puts pressure on investors
to sell euros and buy higher-yielding currencies.
NEW YORK (Reuters) – Investors trimmed U.S. dollar holdings on Friday after a solid May U.S. jobs report nearly matched consensus and left little chance the U.S. Federal Reserve will deviate from its course of removing monetary accommodation from a strengthening economy.
This follows Thursday’s long-promised steps by the European Central Bank to increased the level of monetary stimulus into the euro zone economy, which over time puts pressure on investors to sell euros and buy higher yielding currencies.