Williams argues that "for the moment, the world is seeking yield," which is lifting both the Australian and the Canadian dollars as relatively safe, high-yielding plays. "But if I had to pick a choice between the dollar and the euro, I think the dollar is going to attract capital, and I think that the euro over the course of the next month of two is still in danger."
For a trade, Williams recommends waiting for the euro to pop to 1.2400 against the dollar, at which point he wants to sell it with a stop at 1.2600 and a target of 1.2000.
You can watch the discussion on the video clip, starting at 3:36.
MULTI CURRENCIES v The Dollar
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