Category: Currency Currents
- Published: 05 June 2009
- Written by Editor
Sentiment extreme?
Ladies and gentlemen step right up and place your bets.
It seems a lot is riding on this opportunity for more “green shoots” this morning. Most expect the dollar to tank on better than expected jobs news; but few seem to be thinking the dollar will rally on worse than expected news; that’s because it’s a foregone conclusion the dollar will continue to weaken no matter what. Thus, it seems a sentiment extreme may be in the air.