The U.S. dollar may continue to rise, particularly against commodity-based emerging market currencies. Such dollar strength might not be due to Fed tightening, says a Forex Weekly research note from Societe Generale Cross Asset Research, but rather economic weakness abroad. Soc Gen: Sell euro and British pound along with its volatility, as Fed bullets weaken In recommending selling the euro and British pound “and its volatility,” the report predicts both currencies will trend towards the lower end of their range. In such an environment the U.S. dollar will strengthen not because of Fed tightening, but due to further central bank…
Soc Gen Sees Market Relief Rally In Q4 That Won't Last
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.