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How to position for USD weakness?
From andreassteno.substack.com
In this article we will let the data do most of the talking - exactly like we prefer - and briefly boil down the most striking conclusions, which we can extrapolate. We find that the USD can weaken further in the coming 2-3 months due to USD liquidity being added on the back of the US Treasury hitting the debt ceiling. Let’s do the conclusions up front: 1) Seek carry / exposure in Eastern Europe, if you think the USD will weaken further - it is your best BETA 2) Prefer metals to oil as the correlation between a weaker USD and higher commodity prices is stronger and more stable in precious -and industrial metals ... (full story)
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- Posted: Jan 24, 2023 7:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,053
