1.
According to a questionnaire of
80 financial intermediaries by ICAP Plc, the overseas bank deposits at Fed have
increased more than two times reaching $715 bn compared to $350 bn at the end
of 2010. A surge in Fed deposits is strengthening US dollar on rising investors'
concerns about European region's financial stability. Despite budget cuts and
unemployment at 9% level, investors still see US as safe haven.