Dighton shrugs off debt ceiling crisis and bets on dollar

Futures manager Dighton Capital Management has made a bullish call on the dollar even as the debt ceiling crisis continues to worsen.

Dighton has gone long the dollar against a basket of currencies including sterling, the euro and the yen. It is also shorting Swiss franc futures, believing the dollar to be 25% undervalued against the safe haven currency. The managed futures fund manager has said it does not expect a big bounce in the dollar versus the franc when the debt ceiling crisis is resolved, suggesting that move is already priced in. Instead, it anticipates a larger readjustment in the exchange rate over the next three to six months as investors move to exit the franc. Dighton added the dollar's link with ...