I got this question last night:
“Kirk, is the USD still a good long trade. I’ve heard it’s the ‘safe haven’ but isn’t it just that the USD is ‘less worse’ than other currencies right now?”
100% agree. It’s not that the USD is a great investment – least a safe haven with all the debt we are piling on and printing. However, for the time being it is the currency that is “less worse” than say the EUR. I could see this scenario happening short term here. Any glimmer of hope on Greece would send the EUR shooting higher.
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