pywong
3rd March 2009, 01:17 PM
BNY Mellon’s fx team: Ultimately, buy gold
Posted by Izabella Kaminska on Feb 26 15:16.
Bank of New York Mellon’s London-based currency strategy team (made up of Simon Derrick and Neil Mellor) presented on Wednesday a very compelling view of what to expect in the forex markets in the next year.
The short view: euro, yen weakness cometh as the dollar strengthens. The longer three to six month view - ultimate dollar weakness and a gold rally.
Now for the very macro rationale…
More… (http://ftalphaville.ft.com/blog/2009/02/26/52909/bny-mellons-fx-team-ultimately-buy-gold/)
Posted by Izabella Kaminska on Feb 26 15:16.
Bank of New York Mellon’s London-based currency strategy team (made up of Simon Derrick and Neil Mellor) presented on Wednesday a very compelling view of what to expect in the forex markets in the next year.
The short view: euro, yen weakness cometh as the dollar strengthens. The longer three to six month view - ultimate dollar weakness and a gold rally.
Now for the very macro rationale…
More… (http://ftalphaville.ft.com/blog/2009/02/26/52909/bny-mellons-fx-team-ultimately-buy-gold/)