I bought some dollars last week at 1.45/£1. I was happy with this. Today its hovering around the 1.8....can someone give me advise on whether we think it'll continue to rise, OR should I buy today?
After examining Brad Setser’s analysis of why the U.S. dollar continues to dominate, despite unending economic calamity See here, I can conclude that oil has been the fuel: “When those net trade deficits were running at $60 billion per month, slightly over half of that number was related to oil imports.
Accordingly, the fall in oil prices may indeed be a factor that can be isolated to explain the U.S. $ strength.”
