Re: Why will the dollar rally?
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How much higher do you think it will go?? 2.089 [img]/images/graemlins/confused.gif[/img]
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this is a very attractive short. i'd be long the USD/GBP now by about 40% of the max position.
if it moves north of 2.095 i'd build up to 50-60%
if it continues higher than 2.11 i'd push up further but i'd thing in the next 2 years the fair price of the USD/GBP would be in the 1.75-1.95 range based on interest rate/growth diffs and CA/KA considerations in addition to relative investments in securities.
Barron
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