Mad Currency Machinations Continue

Now and then I like to post an update on the mad post-bailout machinations in currency markets, so here is a quick look. It is still a tale of pain against the U.S. dollar for everything but the Japanese yen, and even it has flattened out a little of late.

 

[via Pacific]

Comments

[Alex Filonov:]

What machinations? US dollar goes up against almost everything, as I predicted here: muddlinginvestor.blogs..., that was August 25. That was the day I started my UUP position to take advantage of this move.

Disclosure: still long UUP.

2008 Oct 20 03:51 PM