Dollar may drop if US c/a deficit remains: OECD
11 minutes ago
MADRID (Reuters) - Investors may move out of the dollar if the U.S. current account deficit remains as high as it is at the moment while Asian countries run a surplus, OECD Secretary General Angel Gurria said on Monday,
"If this situation continues and these imbalances keep accumulating, at some point there will have to be a market reaction," Gurria told reporters.
Earlier, the dollar hit a 20-month low before strengthening back to $1.3116 to the euro.