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FX: enough is enough?

From nexus.nordea.com

Oil price fall, close to major falls historically, coming to end. Can we expect another great year for USD? Sniffing the bottoms... Markets don’t recognize the calendar year: trends have been carried over to 2015. Oil prices just went on hitting new lows. But the annual change in the oil prices is now close to historic extremes, and the gold has turned up (Mind you, gold was the first to turn in 2008). 2014 was a great year for the USD. Will it be repeated in 2015? If you look at the USD index, the DXY (EUR heavy), the 12% gain recorded last year is exceptional. Over the past half century, the DXY showed double digit ... (full story)

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  • Category: Breaking News