It looks like the whole world knows the dollar is about to be devalued and is getting on board to take advantage of it by pricing their debt in dollars.
(Bloomberg) -- Germany and Austria led governments and companies in Europe selling $21.7 billion of bonds in the U.S. currency this week to take advantage of the reduced cost of exchanging the proceeds back into euros.
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European nations sold $10.4 billion of bonds in the U.S. currency this week, the most since Bloomberg began compiling the data in 1999 and beating the previous record of $9.2 billion in January. Sales by the governments, as well as companies including The Hague, Netherlands-based Royal Dutch Shell Plc, added to the $358 billion of issuance in 2009, up 38 percent from last year, Bloomberg data show.
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