Stephen Jen,
a former economist at the International Monetary Fund and Morgan Stanley, came
up with a theory that explains how the USD behaves in different circumstances and
called it “The Dollar Smile Theory”.
a former economist at the International Monetary Fund and Morgan Stanley, came
up with a theory that explains how the USD behaves in different circumstances and
called it “The Dollar Smile Theory”.
The dollar
smile theory states that the USD tends to strengthen both when the US ec