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Your 'Cliff' Diving Currency Trade
Democrats and Republicans seem to be agreeing on less and less despite the ever encroaching fiscal cliff. Lucky for you, this pro has a safe-haven trading plan. Kathy Lien, managing director of BK Asset Management, has been watching the political crosstalk clobber currencies. "All this yo-yoing with regard to the fiscal cliff is weighing on risk appetite," she says. (Read More: What is the Fiscal Cliff? CNBC Explains) Lien notes that the euro [EUR=X 1.2975 -0.0002 (-0.02%) ] has given back ground, as has the Australian dollar. [AUD=X 1.0432 0.0001 (+0.01%) ] But "what I'm watching is the lack of reaction in ... (full story)
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