Given all the recent moves in the $, I am reminded by the following Soros observation:
"One of the generalizations I established about freely floating exchange rates is that short-term volatility is greatest at turning points and diminishes as a trend becomes established."
Just one to tuck away and remember.
This is not a forecast. But I am watching much more closely.
"One of the generalizations I established about freely floating exchange rates is that short-term volatility is greatest at turning points and diminishes as a trend becomes established."
Just one to tuck away and remember.
This is not a forecast. But I am watching much more closely.
IMVHO: All I am trying to highlight is that the currency market
will probably gives us the first indication
of any interest rate policy change by the US.
The more recent volatile trading of the $ could be
signalling the first indications that views on interest
differentials across the atlantic may now not be all one way.
Why is this interesting.
Because the poor performance of the FTSE100 (rel to peers) can partlybe explained by the impact of the falling dollar on our $ sensitive stocks. Any relief on this front might give FTSE100 some extra support.
will probably gives us the first indication
of any interest rate policy change by the US.
The more recent volatile trading of the $ could be
signalling the first indications that views on interest
differentials across the atlantic may now not be all one way.
Why is this interesting.
Because the poor performance of the FTSE100 (rel to peers) can partlybe explained by the impact of the falling dollar on our $ sensitive stocks. Any relief on this front might give FTSE100 some extra support.
