One Man’s Take on the Dollar
Passed along from a member , I am posting this in spite of the fact it is Opinion and not TA.
Occasionally it cant hurt to see someone’s opinion…if they have some credibility..and I think this guy does
Passed along from a member , I am posting this in spite of the fact it is Opinion and not TA.
Occasionally it cant hurt to see someone’s opinion…if they have some credibility..and I think this guy does
Good article, thanks FGC.
Good sharing. Global markets are not responding to Trump’s rhetoric for cheaper $. We see the main reason coming from increasing international trade instability that has low probability to transact in non $ save for previous swap arrangements. So, it will take a longer while for $ to weaken it’s reserve status. More serious reports by Mnuchin would be more telling to depress $.
Trump had suggested a one off $ devaluation as an option. He knows other currencies will react likewise. The only probable route is a weaker US economy but that will plumber his approval deeper. A strong economy is reflected by its currency. No way for a weaker $ when economy’s riding high.
What will bring the $ down if weakening it’s economy is not an option, remains to be seen.