fx maven

Defensive Stock Opportunities Excluding Healthcare

Guys, a dollar is always worth a dollar in nominal terms, even if it appreciating in EUR terms. MO's functional currency is USD so there is no impact on results. MO cannot capitalize on stronger USD, this would occur only if their net liabilities were priced in EUR.

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.