Dollar to World: Risk-Off Not About Obama
And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom. --Anais Nin
Markets entered a strong risk-off mode following the U.S. presidential elections, and all I hear is how the decline is directly due to four more years of an Obama administration. I could not disagree more, given that markets have been behaving like a correction was under way ever since the Federal Reserve announced Quantitative Easing 3. I have stressed this in my columns recently, analyzing the price patterns of emerging market currencies as an indicator of risk-off-sentiment....143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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