All Posts Tagged With: "dollar selling"

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US Dollar Panic Selling Underway

For those of you who have been long US dollars this year it must seem like US dollar panic selling is not only underway but has been around for awhile. But now I’m talking about the rout in the dollar going hyperbolic. That’s quite a difference from merely being in a long term downtrend.

The dollar’s quick move to below 100 Yen and to the north side of 158 against the Euro has been painful for dollar bulls and for many others, like oil exporters, who price their products in dollars.

However, the move has not quite gone hyperbolic into a full scale panic - yet. With the moves that the US Federal Reserve Bank has been making we are probably very close to a complete collapse of the dollar which will bring on the hyperbolic stage.

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19Mar2008 | taipan | 0 comments | Continued

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