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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
ive been saying this for the past 3 months !
Ashraf
Partisan, USD will rally during the next episode of risk aversion especially as Fed withdraws liquidity --ends MBS purchases this month. CAD wont rally on falling markets but it will fall more modestly than EUR or GBP. we can still see 1.05 next quarter.
Ashraf
Do you see USD strong long term (ie. next 12 months)? If there is a currencies/markets crisis in the meantime which includes the USD losing market support, and - given problems with the other major currencies EURO, GBP, JPY - what other currency could attract safe haven support? Could the CAD emerge as a refuge currency? Or will it remain a commodities currency vulnerable to market falls etc?
Any time you could spare for your thoughts would be much appreciated.
John