Greenback Correction Now Over or Still Got Further to Go?
Posted: Sun Feb 07, 2016 6:32 pm
This article was written by David Dixon and Clive Arneil of Viper Wealth Creation.
Last week the market unwound some of the long US$ positions that have been built up over the last year and a half, so is this more than an overdue correction or has the mighty Greenback lost it’s attraction?
Well yes and no!
In the FX market it is difficult to see another currency worth buying against the USD. We have a number of major currencies with negative interest rates on excess funds set by central banks and it looks distinctly possible this trend could continue with further moves ... (read more)