The dollar has hit multi-year highs against major currencies this week. The flight to safety, spurred by the financial crisis and bursting of the commodity bubble, has driven the dollar higher in spite of the ballooning US fiscal deficit.
I have been predicting a strong dollar rebound for the past few months, so the rally is nice for my ego. Unfortunately, I am presently paid in pound sterling.
Dollar denominated debt? Check. Sterling denominated income? Yes. That my friends is a (reverse) currency mismatch. Yay for me.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment