If the credit turmoil starts to relax here and things settle down a little in equities I think we may see the dollar strength quickly reverse. The reason being is that much of the USD buying is from the rush to saftey flows and the repatriation of foriegn investments. But then again I mostly hold $CAN so i am biased. :)
No one believed the US dollar story after that big correction, not even you. But it looks like our buying power is back!!!!
ReplyDeleteIf the credit turmoil starts to relax here and things settle down a little in equities I think we may see the dollar strength quickly reverse. The reason being is that much of the USD buying is from the rush to saftey flows and the repatriation of foriegn investments. But then again I mostly hold $CAN so i am biased. :)
ReplyDeletewhy did the UUP close so poorly compared to the Forex chart?
ReplyDelete