Sunday, January 27, 2008

Anyone rooting for the USD?

?The weeklies are telling us some interesting developments of the USD.

Majors have indicated a possible reversal to USD weakness esp afetr the emergency rate cut by the Fed, fundamentally prostituting the USD.



But CAD AUD and NZD still indicates sustained USD strength.

Hard times. Is the USD really bound for death? Looking at the way the interest rates are being cut, it wouldn't be long before we take USD our new favorite carry trade vehicle. heeeh.

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