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Pacific Capital Trading reports that the U.S. dollar has recently declined by 45% against Euro Curr |
| Written by Jack Maguire | |
| Tuesday, 08 April 2008 | |
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Pacific Capital Trading are said to be showing concern that a recent blow from the dollar credit crisis and the resulting decline in property values have knocked down share prices in related financial companies. Pacific Capital Trading have apparently been advised that, as a result of the falling dollar against its Canadian counterpart, the number of cross border transactions has been rising and has led to a reduction of share prices at several international financial companies Pacific Capital Trading are said to have concluded that a sinking American dollar and a wounded U.S. banking industry are supposedly at the root of a boom in cross-border acquisitions of U.S. financial firms. No official statement has been released by Pacific Capital Trading thus far, but industry sources expect it imminently |
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