IvanLabrie

USDARS: Local top spotted, sell your dollar bills...

Short
IvanLabrie Updated   
FX_IDC:USDARS   U.S. DOLLAR / ARGENTINE PESO
$USDARS should retrace from here, or at least stop rallying like crazy every week...
This will bring some relief in local equities, I've been entering some positions the last two days, in my local savings account.
For my fellow Argentinians: I'd reccomend to look into selling $USD if you own any as cash savings, and investing in either p2p lending, equities, or bonds, and/or gold/silver.

Cheers,

Ivan Labrie
Comment:
The dollar is destroying emerging market currencies and equities...terrible really.
I'd suggest just holding investments denominated in USD, avoid attempting to fade the dollar rally, but also, don't just buy and hold dollar bills, it's less than ideal.
Trade closed manually

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