Watching the dollar sit near lows and thinking it is truly amazing that while the U.S. rate hikes were widely expected and telegraphed the dollar basically sat and waited until the cycle ended to continue its slide. On that note, doesn't it seem likely that the U.K. and commonwealth countries are going to be cutting rates in a few months? It may make sense to start building positions long the yen and euro against them rather than the dollar.
And does the cyclical sell off really make sense given dollar weakness?
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