The dollar maintained its fall and reached a record low against Euro amid the speculation that US subprime worries may further force Fed to cut interest rates even more.
Hedge funds are dumping dollars heavily and the fall looks like a long term trend with lots and lots of uncertainties surrounding the short term outlook. So its fair on the Brazilian supermodel Gisele Bündchen's part when she preferred to be paid in Euros. Bündchen joins the millions who have lost faith in dollar. Earlier Warren Buffet had expressed that his faith on dollar is dwindling.
More news article on this:
Gisele Bundchen: 'I won't get out of bed for US dollars'
New low for the dollar as top-paid model demands her fees in euros
Supermodel Bündchen joins hedge funds in dumping dollars
Hedge funds are dumping dollars heavily and the fall looks like a long term trend with lots and lots of uncertainties surrounding the short term outlook. So its fair on the Brazilian supermodel Gisele Bündchen's part when she preferred to be paid in Euros. Bündchen joins the millions who have lost faith in dollar. Earlier Warren Buffet had expressed that his faith on dollar is dwindling.
More news article on this:
Gisele Bundchen: 'I won't get out of bed for US dollars'
New low for the dollar as top-paid model demands her fees in euros
Supermodel Bündchen joins hedge funds in dumping dollars
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