The adage "Nothing is permanent in life" holds validity for stock market and financial markets in particular when one observes the stratospheric rise of dollar in world forex market.
Ruchir Sharma of Morgan Stanley states that rise of the US Dollar (USD) over the next decade is a reality and till past decade's traders had written of dollar and observing rise of Euro. We can attribute the fall in the USD's value to the tepid stockmarket in the USA and a correction of the strength experienced by the USD in the nineties. The strong currency led to yawning current account deficits (As a percentage of GDP) and consequently falling competitiveness as exports were priced out in many industries.
Thus one can not write of any event as a permanent event either in stock market, forex market or commodity market or as a matter of fact in life as change is the only constant in life.
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