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Veksler: Why I'm not convinced by the dollar bull story
Although dollar strength is the talk of town when it comes to FX, trader Ken Veksler begs to differ. He is taking a 'neutral' position when it comes to the currency, despite the dollar rising over 110 yen for the first time in six years this week, or the US dollar index being up nearly 9 percent since the beginning of May.
Ahead of the latest US jobs figures, the non-farm payrolls, Ken thinks the fundamental data in the US doesn't provide a clear dollar bull case. It's "overdone"; he says; the metrics may be legitimate but he now thinks it has "run too far" and people don't want to accept the "dream is over". Instead, there are other crosses and currencies he thinks are far more interesting to invest in right now.
03:02 minutes
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