Hi Timber,
Thanks for sharing your thoughts above.
I have a question regarding your call above - Do you think we have seen the majority of the bullish move in the US dollar already?
The reason I ask this question is in May last year when Bernenke shocked the markets when he said the FOMC were thinking about tapering bond yields spiked above 3%. (and as you know have rallied since.)
I cant help but feel now that the US dollar has moved quite strongly on the Fed moving forward their projected interest rate move which has again seen a massive move in the markets and seen the US index spike quite strongly. Interesting the 10 year is still below 2.5% so I tend to believe the bond market doesnt believe the Fed's projections as per your post above.
Appreciate your thoughts
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