Subscribers

Bucking the Greenback

Dollar index's move above US$1.005 is an important breakout from 22 months of sideways trading.

Daryl Guppy

Published Sat, Dec 03, 2016 · 5:50 am
PSYCHOLOGY FACTOR: The FX market includes many participants who do not want to be in the market. When their customers buy goods from the US, the banks' preferred trading position on the US dollar - long or short - is deferred as they are forced to take the opposite side of the currency trade to settle these transactions.
ROGUE BEHAVIOUR: Post-2008, the US dollar was effectively manipulated using monetary policy to trade for six years between US$0.72 and US$0.85.

US Dollar

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Wealth & Investing

Australia’s First Sentier shuts A$14b of funds after growth disappoints

Investors in US stocks set to demand more dividends

Paradox of high interest rates and a resilient economy

At 5% yields, investors find it’s worth paying for actively managed bond funds again

A more reliable way to get enough investment returns

Inflation, interest rates and oil prices have jolted the markets

Breaking News

Most Popular