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Investing
by Martin Savov on September 19, 2006

Three quarters of the money flowing into U.S. mutual funds in the first seven months of the year - $113 billion - has gone into foreign securities, according to Financial Research in Boston. Pensions, hedge funds and endowments are also shifting from U.S. assets, lifting investments in international stocks by 72 percent to $1.05 trillion in the year through February, a Greenwich Associates survey showed.
Via: Currencies: Pension and hedge funds could push dollar down
My emphasis is on the words "has gone" - past. Such an immense pressure was so far this year not able to shift the dollar substantially. In recent time the dollar is even showing quite a strength against the Yen for example. Against the Euro the trend is unclear, flat, even if somewhat volatile. What, all this money couldn't push the dollar further down?
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/36710
Mr Wong
Vote for Pensions and Hedge funds bet against the dollar:
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Rating: 7.80 out of 5 vote(s) cast.
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Response from:
Moise Levi
(09/22/06 2:14am)
Response from:
martin
(10/11/06 1:51pm)
As I previously stated the dollar-euro situation was and is far from clear (for the euro bulls). The sentiment and some market conditions speak for the dollar, but are almost fully ignored.
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I see the Euro breaking above 1.29 pretty soon, with a target of 1.36 within the next 3 months
http://www.geocities.com/imconsultants/