As election euphoria settles and the “fiscal cliff” approaches, what are the implications for the dollar? Even as federal deficits may be unsustainable, stocks and bonds are up, and while the dollar may have resumed its long-term downward trend, the greenback has hardly fallen off a cliff. We look …
October data show continued inflows forbonds (including riskier fixed-income assets), while investors withdrew money from U.S. stock mutual funds and ETFs.