WadeYendall

DXY not looking strong at all.

TVC:DXY   U.S. Dollar Index
The USD is not looking very strong at all right now. A break of 88 to the down side on the DXY would be very significant. It will be interesting to see how the markets react to a potential dollar breakdown. It could have a big impact on commodities , bonds, everything. A lower dollar benefits exporters, but is not good for companies who need to import a lot of foreign products. Generally governments don't mind a weaker currency has it makes their exports more attractive and can boost manufacturing. However, when a currency suffers a significant decline who really wants to hold that currency if it is seen as a depreciating asset. The recent surge in BTC could be take as a sign that many believe the dollar is going much lower. Lets see how it plays out.

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