SaxoTV

Why this USD rally has another 20% to go

463 views
October 08, 2014 bull market, bullish sentiment, fed, fed chairman, fed chairwoman, fed meeting, fed taper, fed tapering, federal, federal policy meeting, federal reserve, federalreserve, inventories, invesment, invest, investing, investing 2014, investment, investment opportunities, investment strategy, investments, investor, investors, macro, macro economics, macro economy, macro economy us, macro econonomics, macro event, macro events, macro policy, macro strategy, macro uk, macro us, macro-economics, macroeconomic, macroeconomic data, macroeconomics, macros, rally, us, us banks, us bonds, us budget, us central bank, us congress, us data, us debt, us debt ceiling, us default, us dollar, us dollar index, us economic data, us economy, us equities, us fed, us federal reserve, us gdp, us government, us government shutdown, us growth, us housing, us housing data, us housing market, us interest rates, us jobs, us jobs data, us jobs market, us markets, us non farms, us non-farm payrolls, us non-farms, us nonfarm payroll, us politics, us rates, us recovery, us shares, us shutdown, us stock market, us stocks, us tapering, us treasuries, us unemployment, usa, usa economy, usd, usd eur, usd index, usd jpy, usd strength, usda, usdaud, usdcad, usdcad trading, usdchf, usdchf bull, usdchf bullish, usdcny, usdeur, usdgbp, usdgdp, usdjpy, usdjpy currency, usdnzd, usdrub, usdtry, usdusd, useconomicdata, useconomy, usgdp
The US dollar still has a long way to climb, up to twenty percent in the the next three to four years, that's according to Teis Knuthsen, Chief Investment Officer for Saxo Private Bank who says; "The dollar rally is still in the first part of a multi-year increase, the third major rally since the US abandoned the gold standard in 1971. It seems likely that the USD will rise another 20% or so against a basket of other currencies over the next 3-4 years. Against the euro, we should be able to move to parity or below.".

Bold claims, and in this video Teis outlines the evidence he's gathered to back his predictions."The main driver is a mix of dollar undervalution and a turn in US monetary policies. As the Fed moves to end QE3 and begin to prepare a 2015 rate hike the dollar is likely to rise further.The dollar rally is unlikely to be a straight line, and a correction may seem appropriate at the current stage, but the trend is likely to be up for several years. "