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Pimco’s El Erian: Dollar weakness part of global rebalancing

By Jamie Coleman  || October 9, 2009 at 17:20 GMT
|| 1 comment || Add comment

Pimco CEO Mohammad ElErian says that the week dollar is part of the global rebalancing. Certain currencies will over-appreciate, he says, and that is problematic. He says the burden of appreciation will be carried by currencies like the euro, yen, CAD and Brazilian real.

EUR/USD is recouping some of its lost ground, working through offers in the 1.4710/20 area. Small stops are seen around 1.4725/30 from intraday shorts. Chinese buying in the 1.4680 area helped stall the midday EUR slide.

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Category: All, Americas, Mkt Talk, Regions
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One Response to “Pimco’s El Erian: Dollar weakness part of global rebalancing”

  1. Adje on October 9th, 2009 17:45 GMT

    And another earthquake somewhere.



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