IS IT STILL THE BEST BET?? ........ LONG US DOLLAR
WAIT!!!! .....FED has some say....
- Dollar got hut........ Dotplot dropped/DOVISH ..........followed by dovish comments from chair Yellen.
- IMPORTANT NOTE ...... not only currencies but all asset classes namely bonds, oil, gold, copper, equities rose. .....even junk oil bonds.
- Sure to give Federal Reserve to pause for a moment and recalculate the risk associated with unwinding of monetary accommodation and deflationary attributes of a rapid rising dollar.
- STILL DOLLAR RULES..... emerging market debt/yield spread/30 year downtrend break.....and of course policy divergence/
However.....DONT IGNORE THE FED........ If required will push hike further...
SO......ALL hail the KING DOLLAR// but with caution.
