Win-Win Scenario for the Dollar
February 09, 2010 at 10:49 AM EST
The debt problems in Dubai threw a wrench in the happy-go-lucky risk trade of last year. And since then, the perception of the state of the global economy has been unraveling. All of the sudden, the world isn’t as safe a place as was thought just months ago: Global stock markets are falling, commodity markets have cracked, and foreign currencies are back in decline. All of this has been good for the U.S. dollar. In fact, the dollar is operating in a win-win environment these days. Heads the dollar…