The time has come to short the U.S. dollar: Saxo Bank

The time has come to short the U.S. dollar: Saxo Bank

It’s time to short the U.S. dollar.


So says Steen Jakobsen, chief investment officer at Saxo Bank, who wrote in a note Thursday that the greenback will “significantly weaken” from the middle of the third quarter into the first quarter of 2015.

Setting up Jakobsen’s call is his view that yields on U.S. bonds 10_YEAR -0.25%   will fall more than their European counterparts for the remainder of 2014.

The dollar tends to benefit against its rivals from higher yields on U.S. bonds. Yields and prices move in opposite directions.

Short the U.S. dollar index DXY +0.19% “and soon also long commodities as the weak U.S. dollar and soon lower U.S. yield sets up great value trade,” Jakobsen said.
http://blogs.marketwatch.com/thetell/2014/08/21/the-time-has-come-to-short-the-u-s-dollar-saxo-bank/


Time to Short the US Dollar? Go Long Commodities?
By Mike "Mish" Shedlock

Is it time to short the dollar?

Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen ...
http://globaleconomicanalysis.blogspot.com/2014/08/time-to-short-us-dollar-go-long.html 


Time to go ""Short"" the Dollar!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.therealnewsmatters.com/search?q=Short+the+Dollar&max-results=20&by-date=true