Citi expects the dollar to rise to 98 yen, recommending investors to buy the cross now as it has lagged the broader gains by the dollar, strategists said in a note Tuesday. The lag in Japan's economy should be more of a drag on the yen now that interest-rate spreads are moving against Japan.
To: SeekAndFind
Wow that’s crazy. Kudos to the contrarian freeper who predicted this, can’t remember his name now
2 posted on
12/15/2009 4:08:56 PM PST by
Mount Athos
(A Giant luxury mega-mansion for Gore, a Government Green EcoShack made of poo for you)
To: SeekAndFind
I thought this might happen. While the dollar is a banana currency, it’s still considered the best worthless currency out there. I’m sure time will change that.
3 posted on
12/15/2009 4:14:31 PM PST by
crghill
(You can't put a condom on your soul. I'm an anti-antinomian.)
To: SeekAndFind
My guess: the dollar carry is going to unwind before Christmas and the S&P will whack back to 880.
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