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THE CAPITAL OBSERVER

June 2017 -   published on 28th June 2017

Contents

“ With the Fed determined to tighten policy, sentiment should provide a floor for the US Dollar sometime soon. Since December, the dollar’s gone from a superstar to a hasbeen. Model-driven funds are now predominantly short dollars, and macro traders have largely given up on the long-dollar trade. When sacred cows get taken to the abattoir, that’s usually a sign that position-squaring has run its course. The time is ripe for the buck to fight back.”

Robert Balan, The Capital Observer