Long Euro? Well, yes. In an interview on Forex TV, Derek Frey discusses the alleviated fear about the Irish crisis, but reminds us that none of the debt laden countries is going to sink into the sea. Speaking with Julie Sinha, the “senior market manipulator” also covers currency wars and lots more.
In a previous interview, Frey said we’re already in the third inning of the currency wars and sees a more stable dollar. In the interview, Frey marks the next levels for the US dollar index.
Frey is extra caution on commodity currencies, especially the Canadian dollar and sees low liquidity until the end of the week, with potential for manic-depressive movements on these low volumes. Happy holidays!
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