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The dollar (UUP, UND) could be entering the end of a 10-year downtrend, says Nomura's Jens...

The dollar (UUP, UND) could be entering the end of a 10-year downtrend, says Nomura's Jens Nordvig. We've gotten used to the greenback rallying during panics, but of late the dollar's headed higher for maybe other reasons - better relative economic performance, an improving trade deficit, even a smaller budget shortfall. "This is the type of shift that is just starting," he says. "It can be a multi-year phenomenon."
Comments (8)
  • So what is good to get into if the dollar continues to trek higher
    31 May 2013, 01:22 PM Reply Like
  • UUP as the article clearly states.
    31 May 2013, 02:00 PM Reply Like
  • I meant outside of the ETF, I'm not big into those... I apologize if that wasn't clear
    31 May 2013, 02:06 PM Reply Like
  • Dixie is going to 86 first.
    31 May 2013, 01:25 PM Reply Like
  • only sustainable if the Washington Consensus goes to Washington. This is the "lowest common denominator of policy advice" being addressed by the Washington-based institutions to Latin American countries in 1989:
    •Fiscal discipline
    •A redirection of public expenditure priorities toward fields offering both high economic returns and the potential to improve income distribution, such as primary health care, primary education, and infrastructure
    •Tax reform (to lower marginal rates and broaden the tax base)
    •Interest rate liberalization
    •A competitive exchange rate
    •Trade liberalization
    •Liberalization of inflows of foreign direct investment
    •Privatization
    •Deregulation (to abolish barriers to entry and exit)
    •Secure property rights
    31 May 2013, 01:51 PM Reply Like
  • Yep, a little bit more of fiscal discipline and less wars would be beneficial.

     

    Krustyman
    31 May 2013, 09:44 PM Reply Like
  • USD bottomed out on the day Gisele Bundchen rejected payment in USD.
    1 Jun 2013, 01:19 AM Reply Like
  • Mass psychology at work! :-)

     

    Krustyman
    1 Jun 2013, 11:06 AM Reply Like
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