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Currency wars redux: Is U.S. dollar next?

Posted on 15 November 2013

Who wants a strong currency? If that question was for an opinion poll of finance ministers and central bankers, the response would be a firm no one. But in reality, no poll is needed. The last couple of weeks’ action has spoken louder than words.
Forex traders were once again reminded that when a currency makes strong gains the chances of verbal or monetary intervention are probably not far off. Losses on long positions can swiftly follow. Those long the U.S. dollar (USD) should be cautious………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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