“We may need clear evidence that the crisis won’t be contagious, and that it won’t alter the path of ECB rates, before the Euro makes new cycle highs, but USD/JPY continues to track yield differentials and history tells us that USD/JPY hit 160 in April 1990, fell to 120 as rates fell to 3%, and kept on going, falling below 80 1995.”
“Continued FX volatility is assured as the markets fret about contagion, and if that were to emerge, the Dollar can turn higher very quickly. But if this event validates the signals from the yield curve and leads to a 1990s-style mild recession, the Dollar will fall further. The Yen will benefit, and so will the Euro, but the biggest G10FX winners in the short run may be the NZD and even the AUD.”
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发