Most of the smart money has been shorting the dollar for the past year or more.
Soros is just one of the players, and not even the largest one at this point.
“Soros is just one of the players, and not even the largest one at this point”
I have hunch that it’s Goldstein doing all of this, but my Uncle is fairly certain it’s Snowball.
I trade Forex, and my tchnical indicatos have consistently been reading short positions on thdollar vs. almost every other currency- CAD being the exception- it’s found a little equilibrium lately.
This has nothing to do with patriotism, news stories or fundamental analysis of any kind- my trading systems are simply spitting out numbers. As for Soros, he wrote an article recently: http://www.dollardaze.org/blog/?post_id=00341&cat_id=83
Yes, he’s the king of the scumbags with a slimy agenda, but he’s a smart trader.