Dec. 24 (Bloomberg) -- The U.S. dollar’s gains may end in the middle of 2010 as central banks shy away from adding greenbacks to their reserves and the Federal Reserve raises rates at a slower pace than investors expect, Barclays Plc said.
May end in the middle of 2010 as central banks shy away from adding greenbacks to their reserves? Central banks are shying away right now.
The U.S. dollar index has generated two down legs since 2002. There were 138 and 126 weeks in duration. The last counter trend rally topped out on 3/17/09. This places the duration of the current down leg at 40 weeks. Time is still wrong. As spin supports continuation of the rally, the commercial traders quietly fade strength (http://business-money-and-finance.blogspot.com/2009/12/dollar-strength-seen-in-stocks-1st.html)
Source: http://www.bloomberg.com/apps/news?pid=20601103&sid=a9vtCAwBPV_E
0 comments:
Post a Comment