Dollar losing Pounds!!!

First hit – a buy order for an overseas fund goes through. Second hit – long positions on Gold futures and Gold ETFs is ensured. And a last hit to add some foreign currencies to the portfolio. Well, this seems to be one of the off -beat workouts being performed with amazing perfection and haste, across many trading terminals, as the dollar continues its free fall. Now, everybody is scampering for a hedge against the dollar and the question whether the dollar downfall trend will continue or reverse in future holds tremendous significance. Many vouch for the fact that the dollar will and should fall for the global imbalances to balance out. Well, perturbingly, reality begs to differ!

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Source:- IIPM Editorial

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