February trading confirmed the strengthening potential of the Australian dollar against all currencies, and especially against the US Dollar. It opened the week trading around 0.9230. It’s up more than 3% since the beginning of the month. Many investors are now more and more positive on the Australian dollar because it seems to have ‘decoupled’ from the greenback.
February 27th, 2008 | Gabriel Andre | 0 comments | ContinuedArchive for Gabriel Andre
A former Futures and FX trader/portfolio manager, Gabriel Andre has worked in several hedge funds and asset management firms, both in Europe and Australia. He is a contributing editor to both Diggers & Drillers and the Australian Small Cap Investigator.
The U.S. Dollar in 2008: Higher Volatility and End to Bearish Trend
There could be a comeback for the U.S. Dollar in 2008, for both technical and fundamental reasons. Currency forecasts have not really changed since last year. Economic fundamentals and the themes and issues that financial markets stare at remain the same. But despite an almost bearish consensus about the U.S. Dollar’s direction in 2008, the [...]
February 7th, 2008 | Gabriel Andre | 0 comments | Continued
