Topic: Société Générale: Here is proof why USD is NOT a safe-haven anymore ... (Read 596 times)
September 22, 2015, 05:55:06 PM
Well dollar at Brazil is just worthing now at these ratio 1:4 ,last year dollar were worthing just 3 dollars ,its gain value over and over all currencies.Soo i cant agree with your statement dollar is a great investment these days,but not very safe or trusted ....can drop easy.
September 22, 2015, 10:57:45 AM
Fiat never was a good method to store value. over the years the dollar and many other Fiat currencies have suffered a devaluation exceeding 100%. That's why people choose commodities such as precious metals (Gold) to store value. Today, you can opt between Gold or BTC to store value. Which one would you use?
September 22, 2015, 09:03:37 AM
Société Générale: Here is proof why USD is NOT a safe-haven anymore ...
Kit Juckes, global strategist at Société Générale, notes that the movements of the world's reserve currency -- the U.S. dollar -- have been out of the ordinary for the past two months.
In his daily morning note, the strategist points out that the U.S. dollar has been correlating with both stocks and bond yields since mid-July.
Over the past two months, on days when equities and yields go up, the U.S. dollar has tended to gain relative to a weighted basket of the euro, yen, pound, loonie, Swedish krona, and Swiss franc.
The greenback's "status as a funding currency or as a safe-haven currency for that matter is lost," writes Juckes. "Instead, it’s a barometer of the global mood."
READ MORE HERE:
http://www.bloomberg.com/news/articles/2015-09-22/socgen-the-u-s-dollar-has-a-brand-new-role-in-global-markets
Kit Juckes, global strategist at Société Générale, notes that the movements of the world's reserve currency -- the U.S. dollar -- have been out of the ordinary for the past two months.
In his daily morning note, the strategist points out that the U.S. dollar has been correlating with both stocks and bond yields since mid-July.
Over the past two months, on days when equities and yields go up, the U.S. dollar has tended to gain relative to a weighted basket of the euro, yen, pound, loonie, Swedish krona, and Swiss franc.
The greenback's "status as a funding currency or as a safe-haven currency for that matter is lost," writes Juckes. "Instead, it’s a barometer of the global mood."
READ MORE HERE:
http://www.bloomberg.com/news/articles/2015-09-22/socgen-the-u-s-dollar-has-a-brand-new-role-in-global-markets
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