KTC Capital Currency Traders Expect Stronger Dollar

Online, August 16, 2010 (Newswire.com) - The last few months saw a continually dropping dollar as hopes for global recovery strengthened. The positive indicators are now being outweighed by the negatives, causing the trend to reverse. To put it another way, the US is having troubles, but other regions are worse, making the dollar the lesser of the evils.

Troubling data from Europe and China have investors scrambling for low risk holdings for their portfolio, which leads them back to the greenback. The European central bank has acknowledged that announcements of recovery were premature. Industrial output in China has been contracting for nearly half a year, putting the brakes on the once stellar rise of the largest third world country.

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