Dollar Could Extend Losses Against Franc If Treasury Plan Upsets Bond Market
ING's Chris Turner says the dollar could fall further against the Swiss franc if the Treasury's quarterly refunding plans unsettle the U.S. bond market and boost safe-haven demand.
1037 GMT - The dollar could fall further against the Swiss franc if the U.S. Treasury's quarterly refunding plans at 1230 GMT cause any upset in the U.S. bond market and boost safe-haven assets, ING's Chris Turner says in a note. The Treasury could continue to try cutting long-end supply, he says…