21 Jan 2015
Early days still for the US dollar's rally - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman suggested that there will be near-term volatility, and while currencies trend, the trends are not smooth.
Key Quotes:
"There is no substitute for disciplined risk management. That said, we see much life left in the dollar's bull trend."
"On a real broad trade-weighted basis, the dollar's bull market in the late 1970s into the mid-1980s, was more than 40% from trough to peak. The rally in the mid-1990s to early 2002 was about 25%. The rally since the 2011 record low has only been about 12% as of the end of last month-- Early days indeed."
Key Quotes:
"There is no substitute for disciplined risk management. That said, we see much life left in the dollar's bull trend."
"On a real broad trade-weighted basis, the dollar's bull market in the late 1970s into the mid-1980s, was more than 40% from trough to peak. The rally in the mid-1990s to early 2002 was about 25%. The rally since the 2011 record low has only been about 12% as of the end of last month-- Early days indeed."