With so many global dynamics playing out, and the world’s financial markets fixated on the political process (or lack thereof) in the Eurozone, driving market sentiment around the world, it may be a good time to take a deep breath, take a look back at where we’ve come from, and assess the likely implications going forward. Specifically, what are the implications for the U.S. dollar and currencies globally? Firstly, let’s look at what we’ve done this year. We made a number of macro investment decisions for our Merk Hard Currency Fund strategy, based on our assessment of how the global economy would play out. With deteriorating economic fundamentals in the U.S. and globally, we decided to reduce the strategy’s . . . → Read More: U.S. Dollar and Euro – Review and Outlook