Independent Insight Provider

Stewart Paterson

Taurus Advisors LLP

Macroeconomics

<p>Having broken convincingly through 100, the DXY (trade weighted dollar index) has pulled back in the past few days to test its break. The Italian referendum, as expected, produced a bad outcome for believers in the single European currency but as it turns out it was so widely expected that it triggered short covering in the Euro. I would highlight a few data points in the next few days that may add to dollar strength, cement the break-out in the DXY and lead to an acceleration in the up-trend in…</p>

Having broken convincingly through 100, the DXY (trade weighted dollar index) has pulled back in the past few days to test its break. The Italian referendum, as expected, produced a bad outcome for believers in the single European currency but as it turns out it was so widely expected that it triggered short covering in the Euro. I would highlight a few data points in the next few days that may add to dollar strength, cement the break-out in the DXY and lead to an acceleration in the up-trend in…

Haitong Securities Co Ltd (A) (600837 CH)

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China Pacific Insurance (Group) Co., (601601 CH)

China Merchants Securities Co Ltd (H) (6099 HK)

ICICI Prudential Life Insurance (IPRU IN)

Money Matters: Short-Term Dollar Catalysts.