Dollar Weakens as Risk Appetite Increases; N.Z. Dollar Advances – Bloomberg 08-06-12

Salient to Investors:

Michael Woolfolk at Bank of New York Mellon Corp said the market is already very short euros and overly long dollars, so expects reversion to a more neutral basis.

Peter Gorra of BNP Paribas said the European debt crisis will be solved sooner than people think.

Geoffrey Yu at UBS said many people are resigned to the fact that Greece may need more assistance, that there’s very little appetite across the euro zone to provide Greece with any more money.

Read the full article at http://www.bloomberg.com/news/2012-08-06/euro-erases-loss-against-dollar-to-1-2388-in-new-york.html