Betting against central banks still a very dangerous game
"Dollar appreciation has been stopped in its tracks as markets reassess Fed policy," panellists argue at FX Week Australia
Betting against central banks is still a highly dangerous strategy, despite increasing questions regarding the efficacy of their policies aimed at stimulating growth, delegates heard at the second annual FX Week Australia conference.
Panellists largely agreed that global monetary policy is now principally about weakening exchange rates, but expressed doubt it would ultimately work, pointing to Japan as a case in point.
"You can't tell me the European view is not ultimately about getting [the
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