We alerted you to the peculiar behavior of the US Dollar nearly a month ago. We expected a short-term bounce on the Dollar, followed by further weakness. It is fair to admit we were wrong, as the Dollar continued straight lower. In our defense, while we did anticipate that the Euro would eventually reach the important 1.12 level, we envisaged a different route there. As we stress regularly, short-term predictions always carry high uncertainty.
An overlooked opportunity in Europe
An overlooked opportunity in Europe
An overlooked opportunity in Europe
We alerted you to the peculiar behavior of the US Dollar nearly a month ago. We expected a short-term bounce on the Dollar, followed by further weakness. It is fair to admit we were wrong, as the Dollar continued straight lower. In our defense, while we did anticipate that the Euro would eventually reach the important 1.12 level, we envisaged a different route there. As we stress regularly, short-term predictions always carry high uncertainty.