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Email this article: Don't catch recovery fever, says Peter Schiff
Posted: Thu April 5, 2012 4:57 pm
INTERNATIONAL. The first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing. Once again, the markets are responding to the headlines while losing sight of the fundamentals.
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UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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