Here’s One Rally You Should Maybe Fade…

Is the dollar rally for real? Bloomberg's Mark Cudmore says probably not. Or if it is for real, it probably won't prove to be sustainable over the long run. Remember, September was the first "green" month for the greenback since February and the bulls are pointing to tax cuts and a hawkish Fed to support their contention that this has legs. But as BofAML wrote on Monday, "the tax plan is not even close to meeting the Byrd test, [and] has little chance of becoming a reality." Meanwhile, altho

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.