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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (35846)	3/5/2011 7:56:21 PM
From: ggersh	2 Recommendations Read Replies (1) \| Respond to of 71406

Kick the can, our new National Anthem?

To: Giordano Bruno who wrote (35846)	3/6/2011 5:58:34 PM
From: John	1 Recommendation Read Replies (1) \| Respond to of 71406

Traders short dollar as currency loses attraction ft.com excerpt: Hedge funds and forex dealers are betting record amounts against the dollar, reflecting a growing belief that the US currency has lost its haven appeal and that eurozone interest rates will soon rise. [...] This meant that the value of bets against the dollar on the CME rose $11.5bn in the week to March 1 to $39bn, $3bn more than the previous record of $36bn in 2007. In contrast, speculators have added to their euro holdings amid expectations that the European Central Bank will soon raise interest rates to head off rising inflation. [...] “Dollar bears have become a marauding horde,” said David Watt, analyst at RBC Capital Markets. Given the continued losses for the dollar this month, he said it was likely that investors had since added to their bets against the US currency, short of an “absolutely stunning” reversal in sentiment.