Interesting take in Daily Wealth on why the dollar is about to rally vs. the Euro (scroll to bottom - though the top article is good too).
My opinion - even if the dollar does not rally vs. the Euro, I don't think it has much farther to fall vs. the Euro either. However the dollar does have a ways to drop vs. the Asian currencies in order to restore some sort of balance to the trade balances - those currencies have been artificially depressed for some time.
And don't forget the carry trade currencies - favorite of Jim Rogers right now - the Swiss franc and Japanese yen.
Subscribe to:
Post Comments (Atom)
Most Popular Articles This Month
-
This Thursday, we're co-hosting a free "trading training" webinar with our colleagues at TradingWins.com . Our goal is ...
-
The gold standard these days has been reduced to a distant memory and fantasy of hard money proponents. IF we returned to a gold standard, ...
-
Our soft commodity flavor-of-the-month, cotton, has seen its near term futures surge "limit up" for the second day in the row. Wa...
No comments:
Post a Comment