Sep 9, 2014

The U.S. Dollar Is Going Down Against The Euro

Long term the U.S. Dollar is going down against the Euro currency. Why people are so optimistic on the dollar is because they assume that while the ECB (European Central Bank) is easing, our Federal Reserve is going to be tightening. What they don`t know is while the ECB is easing , our Fed is going to be easing even more.Whatever QE is going to happen in Europe its going to be happening bigger in the United States. So, all this talk about a tighter Federal Reserve, shrinking the balance sheet, raising rates is a bunch of talk. What`s actually going to happen is going to be the opposite.

Related trading instruments: EURUSD forex cross, Globex EUR Futures, Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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