Thursday, May 10, 2007

Morgan Stanley Recommends Selling Dollar for Emerging-Market Currencies

(Bloomberg) -- Morgan Stanley said investors should sell the dollar against emerging-markets currencies as a strengthening U.S. economy may enhance demand for assets in developing economies.

First-time claims for U.S. jobless benefits dropped 9,000 to 297,000 in the past week, the fewest in almost four months, a report today from the Labor Department showed.


Read more at Bloomberg Currencies News

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