Tuesday, May 26, 2009

HSBC. Correction of the U.S.: to be or not to be?

Last week, the U.S. dollar made the surprise to investors, continued to decline, even when on the background of the growth trends in the care of the risks and reduce the U.S. stock markets. Such a development could mean that the U.S. currency loses its status as the currency of refuge. But on Tuesday the dollar in part because of losses played growing concern for the nuclear test by North Korea - of course, this event is a more serious reason to avoid the risks than the decline in stock indexes. "The growth of the dollar against the backdrop of provocative acts by North Korea, namely the testing of nuclear weapons and launching short-range missiles, is not characterized by its positive sides - from analysts believe HSBC. - But those events and the concomitant reduction of" appetite for risk can help U.S. to begin correction after recent falls. "

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