Forex Investment and Currency Trading

The USD Collapse
We have entered a new world – scared rather than brave. Since the start of 2008, the DXY (USD) index has declined by -6% and with more bad news likely to come out of both Wall Street and Main Street over the next few weeks, there is little reason to be bullish on the U.S. economy or the USD near term. Further deterioration is likely. This is significant for the CNY since it seems to us that China’s currency has been targeting a gradual appreciation against the USD, rather than the basket. In practice, this regime has delivered [...]

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