24 Mar 2015
Dollar bull markets - a life of its own - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted that the past dollar bull ended not because economists’ measures of fair value were reached.
Key Quotes:
"But rather because central banks stepped in and intervened in a coordinated fashion."
"This is said not to forecast a new Plaza Agreement (30 years ago this September), but to illustrate that a dollar bull market takes a life on of its own, setting into motion incredibly powerful and complex forces that ultimately sees it climb to heights unfathomable to the uninitiated and experienced alike."
Key Quotes:
"But rather because central banks stepped in and intervened in a coordinated fashion."
"This is said not to forecast a new Plaza Agreement (30 years ago this September), but to illustrate that a dollar bull market takes a life on of its own, setting into motion incredibly powerful and complex forces that ultimately sees it climb to heights unfathomable to the uninitiated and experienced alike."