Central banks crowd out private investors; demand points to dollar strength.
By Lukanyo Mnyanda, Emma Charlton and Allison Bennett, Bloomberg|June 18, 2012 at 03:38 AM|Originally published on Treasuryandrisk.Com
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Central banks rebuilding foreign-exchange reserves at the fastest pace since 2004 are crowding out private investors seeking U.S. dollars, boosting demand even as the Federal Reserve considers printing more currency.