Emerging-Market Currencies to World: Still Risk-Off
Always remember that the future comes one day at a time. --Dean Acheson
On Oct. 23, I discussed the idea that emerging-market currencies were warning of a risk-off period. My reasoning related to the behavior off overseas currencies in emerging economies relative to the U.S. dollar following QE3. I was concerned about the inability of those emerging market currencies to break through resistance -- despite what was supposed to be a period of forced reflation by the Federal Reserve, which should have caused a depreciating greenback....228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
