Menta
Is that long the USD or AUD?
In the 2007 GFC the USD/EUR strengthened, I believe, because of the George Soros analogy of an octopus - in times of trouble there is a rush to USD as the currency of strength - money withdraws from the overstretched tentacles, into the main body - the USA.
However in 2001 Tech Wreck the USD/EUR weakened.
Please, what is your thinking?
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[PS Osi answers your earlier post here ►►]
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- Lessons from the October 1987 crash
Lessons from the October 1987 crash, page-64
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