US Dollar Breakdown: What’s Next?

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Published : September 18th, 2017
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Category : Market Analysis

The US dollar index is down about 12% from the highs of late last year. It has broken support, no matter where you draw the trendline.

What’s Next?

No one can say for sure “what’s next”, certainly not me. But I can say that European investors need significant annual gains in US equities just to match the declining value of the US dollar.

Last week, Pater Tenebrarum at the Acting Man blog pinged me with this comment: “People underestimate how sticky currency trends are.”

Given the significance of what this trend change means for the monetary cycle and the current bubble in U.S. ‘paper’ assets, it’s eerie to watch this rollover in the dollar unfold in utter silence.

Mike “Mish” Shedlock

Source : mishtalk.com
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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