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Posts by "speculator"
804 Posts Total by "speculator":
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Posts by Anonymous "speculator":
the dollar is likely to rebound for a couple of months at least but lets not get too carried away. The dollar is cheap and the yen/pound could become a much much better funding currency and should replace dollar gradually due to fed tightening.
For now, the uk faces a 50% income tax rate for certain high earners!! what a joke. The fiscal position remains awful and is a structural flaw which no politician can ease over-night. The country is still very prone to speculative attacks over sterling. Too much sterling liquidity in the markets...
I still stand that we are in a dollar bull and the bottom was in 2008 when USDx hit around 72. We could target 80 on the index by xmas.