Australian And Canadian Dollars Rolling Over Again
Ed Yardeni | Sep 11, 2014 12:12AM ET
Today's Morning Briefing: Decoding Currencies. (1) Interesting times. (2) When the dollar goes up, commodities go down, and vice versa. (3) That’s especially true for industrial commodities, crude oil, and gold. (4) Fundamental driver of dollar and commodity prices is relative strength of US economy. (5) Dollar should strengthen as US becomes less dependent on oil imports. (6) Draghinomics and Abenomics boil down to currency depreciation policies. (7) Scots free? (8) Australian and Canadian dollars remain commodity currencies. (9) Focus on underweight-rated S&P 500 Materials.
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