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Don’t Bet Against the Dollar

From blogs.wsj.com

U.S. dollar bears beware. Stephen Jen, a high-profile currency market investor, expects the U.S. currency to rally broadly in coming months against many of its rivals including the euro, the Australian dollar, the South Korean won and the Brazilian real. “My three favorite currencies to buy? dollar, dollar, dollar,” said Jen, managing partner at hedge fund SLJ Macro Partners LLP and former currency research head at Morgan Stanley, in an interview Tuesday. Investors flocked to the dollar during the third quarter, as fears about the euro zone’s sovereign debt crisis and a recession in the U.S. sparked selloff in many ... (full story)

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