Return of The Dollar?

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By: Mark J. Perry Tuesday, June 03, 2008 1:52 AM

Sectors: Forex

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The chart above shows the one-year forward premium or discount for the USD vs. the British Pound (BP) and the euro, on the first trading of June in 2006, 2007 and 2008 (data available here). Compared to two years ago when the dollar was selling at a forward discount versus both the BP (-0.60%) and the Euro (-2.1%), the dollar is now selling at a forward premiums of +2.6% for the BP, and +1.8% for the euro.

Is this the return of King Dollar?

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