22.01.2014 - Currencies: All go for the greenback?
Will this be the dollar's year? The currency has been advancing steadily, if unspectacularly, so far in 2014, rising for six straight trading days, according to Bloomberg. In recent years, major currencies have resembled a battle of the seven-stone weaklings, with traders having good reasons to hate them all; the dollar because of quantitative easing, the euro because of break-up fears and the yen and Swiss franc because of aggressive intervention. But the negative arguments on the dollar are melting away. The Fed has moved to taper QE; the US economy and stockmarket look robust, attracting portfolio inflows, the trade deficit has shrunk; and Congress seems unlikely to opt for another government shutdown over the deficit...................................Full Article: Source