US Dollar Rally is Fools’ Gold and Should be Sold, Analyst Says
From poundsterlinglive.com
The U.S. Dollar rebound should be sold into over the coming days, according to analysts at Commonwealth Bank of Australia, who’re advocating that investors take advantage of the resulting buying opportunities in commodity currencies while insight from Capital Economics suggests that U.S. inflation may already have peaked. Dollars were bought in exchange for all but a handful of currencies from the mid-week session after the Bureau of Labor Statistics said U.S. inflation had reached its highest level since September 2008 during April, while the greenback’s rally gathered pace on Thursday as stock markets fell heavily ...
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