Soros Bets On US Stock Market Crash. Will Dollar Collapse?
Those investors who are currently facing biggest losses in the market of US T-bonds since 1978 can expand their list of potential problems since the central banks of emerging economies are getting rid of UDS reserves. i.e. they are selling the US Dollar.
The expectations that the Fed, the biggest buyer of US Treasury bonds, may stat tapering the $85bn-per-month bond purchase program have already contributed to the fact that the US debt is down by 4,1% along with the USD strengthening against emerging currencies. This is the biggest strengthening since 2001. The central banks of Russia, Brazil, India and Indonesia have already conducted currency interventions. The very fact confirms that they are getting rid of US securities. The fact is also confirmed by Scotiabank and Bank of America Corp.
What awaits the US Dollar in the near future? Let’s ponder on this question together with Masterforex-V Academy.