May 23, 2017

US Dollar: The Decline Has Just Begun

The US Dollar continues its losing streak. The US Dollar Index was down for the 8th time in nine days. The US Dollar Index actually traded below 97 for the first time since Donald Trump was elected President, so we have wiped out 100 percent of the ill-gotten dollar gains that were racked up in the wake of that victory. and if you remember when the dollar was rallying as a result of the Trump victory I said it was a sucker's rally that it was a head-fake rally and sure enough that's exactly what it was but the US Dollar decline has only just begun.

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