fx maven

Has the Dollar Bottomed?

the USD will not appreciate as long as real yields are negative. At least EUR has a real yield at all .; 5%-1%. This basic fact, plus the fiscal collapse of the US Government, the continued implosion of the US housing market, and the banks who are tied to this albatross make the dollar fatally weak. Yes, Eurozone has its own problems (Spain, Italy) - in sum The premise of the article is good but the monikers USD and EUR should be reversed.