Depreciation in US Dollar
March 14th, 2008
A Run on the Dollar?
Monday March 17, 12:21 am ET
By Boris Schlossberg, Senior Currency Strategist
It was another terrible week for dollar bulls culminating in an announcement on Friday
that Bear Stearns, the fifth largest US securities firm was on the verge of running out of cash and in need of a bailout by the
Fed. The shock of the news sent the dollar below 100 to the yen and the Swissie and further record lows against the euro.