USD...
I trust you've been watching the US dollar
In the last three months, the USD has fallen overall, including against the EUR, JPY and GBP. it's tanking. It's around 1 EUR per 1.39 USD.
I don't think I'm alone in expecting that despite this, America's trade balance, unemployment, manu etc... figures won't change much over the upcoming months. So much for all the commotion over currency manipulation/intervention
But iIm particularly looking at the USD/AUD exchange rate, 'cos it is heading towards parity, a monumental milestone. And sums up pretty well the differences in fortune between America and Australia.
Any bets on when that will happen?
Or what else the USD will do?
" The dollar has been falling compared to the euro and has reached an 8 month low. The Fed is most likely going to add billions into the system over the next few months which may cause further issues for the dollar. However, the news has probably already been factored in. There might be am opportunity on the buy side here shortly. A long term buy of the dollar might offer opportunities for a portfolio if the price is right. This morning, the USD Index was trading at 77.74 down -0.009 and the euro was trading up 0.0018 to 1.3854. "
Recently, the market changes its mind whether risk is on or off, riskies & vols bid or offered, dollar strong or weak about 3 times a day. Enjoy.
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