Traders at Double Line Capital LP and traders at Pimco two of the world’s biggest Bond trading firms say the US Dollar will continue to rise and the economy will grow at 4% in the years ahead. They also predict US Treasuries (Bonds) will be the place many European countries and investors will put their money for security and return in the face of a weakening European economy. They also predict the US Dollar will remain strong for several years ahead.
I agree fully with their views and based on the current economic recovery in the US and potential for higher interest rates the US Dollar will likely continue to appreciate against currencies such as the Kiwi Dollar, Aussie Dollar and emerging market currencies such as the Brazilian Real, South African Rand, Indian Rupee and Russian Ruble.
Gundlach from Double Line Capital LP told Bloomberg he expected the US Dollar to surpass the highs of 2009.
Check out the latest from LTG GoldRock on www.ltggoldrock.com.au
No comments:
Post a Comment