US Peso Rallying

The US dollar is putting on a strong rally versus the Euro. The problems in Greece are reminding investors that the Euro has its own set of problems. The dollar carry trade is an important part of the risk trade. The risk trade unraveling is a large risk for the equity market.

4 comments:

nicasurfer said...

You sitting this one on the sidelines?

Tsachy Mishal said...

do you mean the US dollar or the stock market?

nicasurfer said...

Either or, I know you clearedyour shorts earlier today. I guess the reason i ask is that i don't see any good news and reason for the market to go up short term. Usually week before options is negative or down. Looking to stay short until at least tommorrow.

Thanks

Tsachy Mishal said...

I am still net short. I only covered the shorts that I put on yesterday. I was short coming into yesterdays session and I still have those shorts.

I have no US Dollar positions.