Jul 23, 2018

The Catalyst For The US Dollar Drop

The catalyst today for the US Dollar sharp reversal was more tweets from President Trump where he is expressing anger not only at the Federal Reserve right or not only at the ECB and at the Bank of China because he is accusing both Europe and China of being currency manipulators of taking advantage of us by weakening their currencies.

This was probably one of the biggest down days for the US Dollar this year - across the board weakness which is likely to continue. Believe me we're gonna have days that are gonna be much much weaker than this, I believe later in the year and of course next year and the year after that I think the dollar is gonna get particularly beaten up.