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Currency Watch: Chinese banks' asset quality concerns create safe haven demand for Dollar

Tuesday, July 5, 2011

 
Currency Watch
[For July 05, 2011]
 Summary of Contents
 

Chinese banks' asset quality concerns create safe haven demand for Dollar
The greenback is strengthening on risk aversion as Moody's Investors Services said that Chinese banks' loans to local governments are about 3.5 trillion Yuan ($540 billion) more than official estimates and the credit outlook for the industry could decline...


Click here to read report: Currency Watch

 
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posted by Anonymous @ 4:24 AM  

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