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After Q2 GDP surged to 4% it’s time for a huge rally in the US dollar
I’m short Euro so you can accuse me of talking my book but it is time for the US dollar to break out and break out big time. Last night’s GDP surge to 4% annualised in Q2 was just another sign that the US economy is on a very different trajectory to that of Europe. Indeed even though data is starting to show cracks in Abenomics it is clear that in the UK, Japan and the US quantitative easing has had a positive impact on economic growth. An impact the EU has missed. But if ever their was proof that the world is too complacent and may be different when the fed actually raises rates this was the night. ... (full story)