Dollar Trading Well after New Zealand Cuts Rates [View article]
NZD is a rate game for the japs , they seem to be moving over to AUDJPY. We need a decent 500+ point fall on the dow for the carry trade to really cover, a major us bank going would do it.
all countries with current account deficiets will try to devalue there currency as much as possible (in a steady way) to export there way out of this mess.
if all central banks keep cutting like the RBNZ it then becomes a relative economic news play.
I can see the RBNZ cutting 200 points at least to even get to neutral and if we start see major mortgagee (foreclosure Sales) in domestic market maybe in 50 point cust.
what right have the US to try and devalue their currency to get out of this mess.... inflation is almost solely food and energy based right now.
A Surprise in Store for the Dollar? [View article]
the euro zone is no where near as weak as the us right now.. it may be in the future and that will be the time to buy USD right now its hard to see how EUR wont be 1.7 real by xmas or worse.....
only intervention will change fundamentals and even then not for long....
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personally i say go to yen, as the carry trade unwinds yen will go up!!!!
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Dollar Trading Well after New Zealand Cuts Rates [View article]
all countries with current account deficiets will try to devalue there currency as much as possible (in a steady way) to export there way out of this mess.
if all central banks keep cutting like the RBNZ it then becomes a relative economic news play.
I can see the RBNZ cutting 200 points at least to even get to neutral and if we start see major mortgagee (foreclosure Sales) in domestic market maybe in 50 point cust.
what right have the US to try and devalue their currency to get out of this mess.... inflation is almost solely food and energy based right now.
try getting a raise from your employee!
A Surprise in Store for the Dollar? [View article]
only intervention will change fundamentals and even then not for long....
sad to watch for the global economy