Foreign exchange markets will boom over the next two years as interest rates tighten, predicts Robert Savage, chief strategist at FX Concepts.
"Foreign exchange markets are a shock absorber. If they are working properly, they help balance out the real economy from that of monetary and fiscal policy," says Savage. In the uncertainty caused by markets guessing when exactly rates will tighten, the foreign exchange market will be "a healthy shock absorber to some of the pain".
This means the dollar