Posted by ucbarryk on 27th of Nov 2009 at 03:13 pm
80 billion or so doesn't seem like enough to cause such
financial stress today in the markets. it does however seem
it will weaken the Euro..which is what is really behind all the
drama..a rise in the dollar will screw the AUY/USD or AUD/JPY carry
trade and there will be a rush to cover.
dubai debts in Euro's
Posted by ucbarryk on 27th of Nov 2009 at 03:13 pm
80 billion or so doesn't seem like enough to cause such financial stress today in the markets. it does however seem it will weaken the Euro..which is what is really behind all the drama..a rise in the dollar will screw the AUY/USD or AUD/JPY carry trade and there will be a rush to cover.
http://www.bloomberg.com/apps/news?pid=20601109&sid=ai9qojctV7q4