Issac Paige Associates Chairman is Convinced the Dollar Strength Will Linger
The inability of non-US banks to roll over short term funding of investments in illiquid US assets has been a key factor behind the dollar’s strength since last summer and should continue to support the greenback.” says Peter Matthews, Chairman of Isaac Paige Associates in Seattle, Washington.
Matthews finished his short speech at the Isaac Paige Associates headquarters, in Seattle, by saying “Of course, foreign banks also bought dollars in the spot markets, as evidenced by the drop in euro/dollar since last summer and while the dollar funding shortage in global banking persists, investors in the foreign exchange spot markets should expect the greenback to stay supported against the other majors.”
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