One can hope...Barclays Says Buy Dollar Versus Aussie, Kiwi on U.S. Growth
February 18, 2011, 3:39 AM ESTBy Paul Dobson
Feb. 18 (Bloomberg) -- Investors should buy the dollar againstits Australian and New Zealand counterparts because the U.S. economicexpansion this year will probably outpace global growth, according toBarclays Plc.
“The U.S., which has been the laggard, appears tobe catching up,” currency strategists including Aroop Chatterjee wrotein a research report dated yesterday. “When the U.S. cycle catches upwith the global cycle, the dollar tends to firm. The dollar has itsgreatest potential against the Australian dollar and the New Zealanddollar.”
Australia’s dollar, known as the Aussie, waslittle changed at $1.0121 as of 8:35 a.m. in London. The so-called kiwistrengthened 0.4 percent to 76.21 U.S. cents.
Hopefully moly prices surge around the same time and create the perfect storm!!!