time-to-buy-the-dollar

Time to buy the dollar?

Some strategists believe reports of the greenbackÆs demise have been much exaggerated.
November 25, 2007
Some observers are saying that events like the famous case of the Brazilian super model refusing dollar in favour of euro payments means that the dollar is on the verge of a rebound. The theory is the same as that postulated by stockmarket genius Joe Kennedy, father of JFK, who sold all his stock when his shoe-shine boy told him he was in the market.

ôThe talk about decoupling is overdone. Maybe itÆs a long-term structural trend, but at the moment, itÆs just a lag in the business cycle,ö says a currency expert for a leading investment bank in London. The expert is making the point that when the rest of the world weakens,...
¬ Haymarket Media Limited. All rights reserved.

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