Thursday, October 7, 2010

Court jester Dollar

Currency action today:


Dollar getting beaten again today.  Watch for continued intervention in Yen, but you can't hold back the tide.  Weakness in the CAD is interesting and unexpected (at least by me).

Starting to see competitive devaluation.  Remember the Baht?  Debase your way to exports?

Companies with significant overseas operations ought to benefit.

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About Me

A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.