Archive for December 19th, 2009
Dollar Could Go Either Way, Depending on the Carry Trade – 1391th Edition
As I outlined in my last two posts, the Dollar could witness a rapid appreciation if/when the Fed finally raises interest rates. Given Chairman Bernanke’s frequent erring on the side of inflation, however, it could be months (at the earliest) before the Fed actually pulls the trigger. With forex markets guided by interest rate differentials, [...]
