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Bloomberg: Hard to Bet Against Dollar as U.S. Recovers, SLJ’s Jen Says

The dollar is likely to extend gains as the global economy is decoupling and the U.S. is outperforming its counterparts, said Stephen Jen, managing partner at SLJ Macro Partners LLP.

“We only see definitive signs of recovery in the U.S. and nowhere else,” Jen said at Bloomberg Link’s FX Debates in London. “In the world where growth is decoupling and the U.S. is leading the world into a recovery, the dollar will perform quite well as risk capital is attracted into the U.S. It’s very hard to short the dollar now.”

Read the original article on the ‘Bloomberg’ website.

Posted on the 13/03/2013 at 5:08pm by joana.