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Written by Jack Crooks - Black Swan Capital
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Monday, 28 June 2010 07:19 |
Quotable
“The charm of history and its enigmatic lesson consist in the fact that, from age to age, nothing changes and yet everything is completely different.” - Aldous Huxley
FX Trading – US/China Symbiotic relationship back in play?
You may remember that the US dollar soared in value in the midst of the worst fears during the credit crunch. It peaked in March of 2009; which not coincidently is when global stock markets and risk assets began to soar in value. It was the big quantitative easing moment from the Fed and an explicit signal the US policy was to use US dollar—dollar based credit— to liquefy global credit markets, i.e. a weak dollar policy indeed. We have to be open to the idea we may revisit that period if US policymakers are cranking up the China/US Symbiotic relationship again.
....read more US/China Symbiotic relationship
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