Further dollar falls to come

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The net purchase of US corporate bonds has been the single largest flow into the US from European investors. But US insurers will have to dip into their pool of corporate bonds in order to pay out claims resulting from the events of September 11. And this, says State Street’s research team, will contribute to their underperformance and reduce their attraction – moderating inflows from Europe – and bursting the dollar bubble

The Twin Towers Tragedy has triggered much uncertainty and

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