vendredi 13 janvier 2012

Roubini : Overall Bullish on The US Dollar

Nouriel Roubini : US dollar tends to strengthen when there are periods of risk off and risk aversion in the global economy. When there are episodes of risk aversion deriving from trouble in the Eurozone or geopolitical risk, people tend to dump emerging market currencies, euro and seek safety of the US dollar, US treasuries. This is not because economic, financial and fiscal conditions in the US are very good, but the US is the least ugly in a contest where the issue is not who is the prettiest or more handsome, but who is the least ugly.That overall might be bullish for the US dollar again, not because things are great in the United States, but just because in relative terms, they are worse in other parts of the world.

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