The reserve dollar: two sides of the coin
In all the anguish over the recent decline of the dollar, two simple facts seem to have been forgotten, says Joseph Trevisani, chief market analyst at FX Solutions in New York.
One: a large amount of the day-to-day positions in the currency markets and thus the negative movement in the dollar is the result of traders chasing profits. It is obvious but worthwhile to state again that these are trading markets, and trading markets are all about trading profits. Currency markets are not designed, at
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