RBS - I'm a Dollar Buyer. Just a Dollar Buyer

Royal Bank of Scotland - "I could buy dollars because US growth recovery is (relatively) more robust than elsewhere. Just don't mistake that for a 'US hits escape velocity growth' dollar story. As the debt sequester kicks in, it's more a 'US muddles along, Europe (including UK) does worse', story. (My name is Cliff Fiscal. I can be volatile. As of March 1st I am reality ....)
I will buy dollars because the world is still a fundamentally risky place. That's a world in which the dollar does best.
I am a dollar buyer and a EUR seller on periphery spread widening and a must-ease-again ECB.
(...) I am a dollar buyer and GBP seller because my colleague Paul Robson tells me to. Paul put his "Sell Cable as a Top 2013 Trade" note out last December (14th) when Cable was at 1.6130, targeting 1.5050. We're there, great call. But keep selling pounds. Paul now targets 1.42.
(...) I am a dollar buyer and a JPY seller because Mr Kuroda is going to be sufficiently bold as the new Bank of Japan Governor to give USD/JPY the next leg up through 100.
(...) I am a dollar buyer and a NZD and CAD seller. It's all about basic balances and real exchange rate valuations in a riskier world."

Views: 105

Tags: Dollar buyer and Euro seller, Dollar buyer and GBP seller, EUR/USD, EURUSD, RBS, Royal Bank of Scotland, Sell EURUSD and GBPUSD

Comment by Jasmine C on March 4, 2013 at 11:10am

could not agree more!

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