John Taylor, the founder of the $8 billion FXConcepts fund, one of the world’s biggest currency hedge funds, basically said the US is just pretending it wants a strong dollar.
Taylor told the Telegraph that despite its official commitment to a strong dollar, the US is keen to see the greenback fall further.
“It’s like throwing a rock into the glass window of the international monetary system,” he said.
He’s clearly not a supporter of a second round of quantitative easing, which is set for next month.
Via Management Today
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