elwind45

Currencies: Dead Cats and Yapping Dogs

Can we think about the real world for a second. Dollar strength happens to coincide with beginning of games in China. China would build a position before the games to make change!(dollar for dollar) Once games end dollars will be exchanged for Yuan(stored in American fed). This added strength to a dollar which was being bought by world banks to even out of horrible mortgage paper investments in the states. Lastly, there has been a large rise in American exports(backward looking) that is also temporary. Going forward each of these factors are temporary and will not continue in any form to keep this rally going! Until the truth about American inflation is realised dollar is at top of range!