Thursday, May 17, 2007

Credit Suisse Recommends Buying Put Options on British Pound Versus Dollar

(Bloomberg) -- Investors should use options to bet the dollar will extend gains against the British currency as U.S. economic growth accelerates, Credit Suisse said.

The dollar will likely strengthen as signs of faster growth discourage the Federal Reserve from lowering interest rates and makes U.S. assets more attractive. The dollar has gained 2 percent against the pound since hitting a 25-year low on April 18.


Read more at Bloomberg Currencies News

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