12 Quotes by Paresh Upadhyaya
- Author Paresh Upadhyaya
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The dollar has been propelled by cyclical factors, namely the Fed raising rates boosting the dollar.
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- Author Paresh Upadhyaya
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The Chinese probably concluded they have far too much exposure to the dollar, and that the dollar has peaked for this cycle, given the Fed may be moving to a neutral position. Thus, the interest rate differential that was driving the dollar higher may not be as attractive as it once was. The risk is now the dollar may begin to depreciate. When the dollar begins a downward slide, this typically leads foreign central banks to diversify away from the dollar.
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- Author Paresh Upadhyaya
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The Japanese would like to see a weaker yen. They thought it strengthened too much unilaterally.
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