What I
’m hearing from some contacts in the broader hedge fund market is that tech stocks and tech investments are very much the buzz words of the moment and the pointy end of every international flight into San Francisco is totally sold out. Silicon valley is where all the fast money is headed and if this trend continues, then the USD is set for some prolonged strength.
The last time we had a big tech stock boom in the late 1990′s, the NZD/USD was trading well below .4000! Now it’s almost at .9000!
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