Dollar Outlook: Near-Term Bull To Continue, But Market Extended The dollar is staging an advance of a duration and magnitude that has not been seen for several years. The pace has taken many unaware, even though dollar bulls have been repeatedly frustrated. For several quarters, investors, analysts and reporters struggled to explain why the euro in particular was seemingly inexplicably strong, and now that is has reversed, there is feigned surprised. Fundamental, technical and psychological factors are in alignment, pointing to a stronger dollar. The divergence between the US (and UK) on one hand, and the euro area and Japan, has been long anticipated. It was expected to be driven by the tightening of monetary policy by the Federal Reserve and the Bank of England. Instead, the precipitating factor has been driven by falling nominal rates in the euro area. read more : forex-tsd/general-discussion/92300-eur-usd-news-165.html#post705293
Posted on: Sun, 28 Sep 2014 07:36:12 +0000
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