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

Dec. 1 (Bloomberg) -- 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.

To contact the reporter on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net