Fed’s Fisher Says Europe’s ‘Distress’ Seen in Dollar Performance

Europe’s “distress” is being reflected in the rising dollar’s performance, which can be regarded as a “flight to safety,” said Federal Reserve Bank of Dallas President Richard Fisher.

The dollar proved to be last month’s best investment, beating stocks, bonds and commodities, confounding officials around the world who said Federal Reserve policies would debase the U.S. currency. Fisher spoke to reporters after a speech today in Texas.

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