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The dollar will strengthen despite the Fed's best efforts to debase it, according to a Bloomberg...

The dollar will strengthen despite the Fed's best efforts to debase it, according to a Bloomberg survey of currency forecasters who have recently had the lowest margin of error in their calls. The dollar index weakened during QEs I and II but this time will be different, they say, thanks to an outperforming U.S. economy. UUP -2.9% YTD.
Comments (5)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Outperforming...we will find out soon with this quarters results...I think we are slowing too...just like the rest of the world...gold will be the new world currency..it has to be..some sanity has to come to the world market....
    9 Oct 2012, 08:55 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Currency forecasters ... those guys are typically completely clueless.
    9 Oct 2012, 08:58 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2534) | Send Message
     
    If the US begins to export more energy (oil, nat gas, NGLs, and coal) it will add support to the dollar relative to other currencies. The euro is still in trouble at these levels: its one of the things keeping me from buying distressed European real estate.
    9 Oct 2012, 09:09 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Yes ..wait on the Real estate for another year...I have some interest in Spain or Italy....just waiting...
    9 Oct 2012, 09:12 AM Reply Like
  • Cliff Wachtel
    , contributor
    Comments (1778) | Send Message
     
    BOLD comments - suggesting USD must become a risk currency otherwise improving US economy ups risk appetite which typically drives USD lower [the one exception to good data being bad for the USD is when the good US data is big jobs improvement, because that implies coming higher rates, which aren’t likely incoming years per Fed]. A very bold prediction

     

    USD's fate also tied to whether Fed is seen as printing / debasing faster or slower than ECB - right now is Fed is in the lead for race to bottom because ECB's money printing doesn't start until a nation asks for bailout, but Fed's has begun already.
    9 Oct 2012, 03:41 PM Reply Like
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