Dollar and Why the U.S. dollar will continue to be weak for the foreseeable future

 

 

Dollar and Why the U.S. dollar will continue to be weak for the foreseeable future:

Official designation for currency in some parts of the world including Canada Australia the United States Hong Kong and elsewhere its symbol is money generally Kukui Olli in the United Kingdom quarter of a pound or one crown historically minted as a coin of approximately the same size and composition as event contemporary dollar coin of the United States and worked slightly more.

so let's talk about what you what the individual investors should be doing with their money going into the end of the year joining us is Patrick Forsett he's managing director and senior research analyst at the Rosenau group at Hightower advisories he's joining us as part of our FA corner um and uh so Patrick as you look at the landscape here what are you hearing from clients.

what is sort of their top worry as we head into the end of the year and going into 2021 well look there the biggest thing is that there's still some political risk out there right um you know we have a Georgia runoff.

it's obviously going to be a meaningful election because it determines whether potentially there's a blue sweep and that could have an impact on taxes and could have a broader impact on the market you know Patrick right now a lot of the guests that.

we're talking to are discussing the rotation trade right the move into value into cycles out of growth um what's your view on this and how much does that kind of rotational trade matter for someone thinking longer term about you know where their financial health is at yeah sure so look a rotation is certainly developed value is has outperformed their growth brethren of late um after you know under performance this year and even longer than that and.

it's on the the hopefulness of the vaccine which we hope  all comes to fruition and helps us to reopen the economy but i think it's it's a little bit more more broader than that which is why i think it's really a trend and not just a trade and i think you really have to look to the weaker u.s dollar which we think you know for the foreseeable future will continue to be weak.

when i say a weak dollar i mean relative to the Chinese renminbi right because you know china at the end of the day is still one of the most important efficient manufacturers out there and a weak renminbi um you know would make china much more competitive because it applies deflationary pressure around the world but the renminbi's been in one of the strongest periods in over a decade um you know it's been such a sharp move.