What is the Only Major Currency to be Higher vs the USD Over the Last Year? [CHART]
It’s common knowledge that the US dollar has been strong versus virtually every other currency over the last year. That is every other currency except the Japanese yen…the currency of the central bank that is printing money at the fastest rate in the world. It appears, money printing or not, that the yen is still a trusty safe haven.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More