Dollar Reflecting the Current Economic State of Affairs
July 12, 2007
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Can you believe the dollar! We continue to be impressed by PowerShares DB G10 Currency Harvest Fund (DBV). YTD it is up 11.54%, as of yesterday's close. We have listed the current weights below. We hold a very small percentage in our portfolios.
Managed currencies normally give insight into the state of the economy, as they adjust to changes in both country-specific events and global events. Is it in the interest of the Fed or Treasury to really support a strong dollar? The dollar is adjusting to the current economic state of affairs, which is not necessarily bright for the US, currently. (see post) The real question is how low will it go?
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