Investor sentiment and the dollar

- By FX Markets Staff
- @FXMarkets_
- 12 Nov 2001

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Is the rebound in US equity markets since the lows of September 21 a corrective move within the 18-month-old bear market -- or the precursor to a long-term recovery in prices? Simon Derrick, chief currency strategist at Bank of New York in London, weighs the evidence

While many commentators argue -- perhaps rightly -- that there is unlikely to be a true recovery in stock prices without convincing evidence of a recovery in the US economy, it must also be borne in mind that every recession is

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