Farid

US Dollad Index

ICEUSA:DX1!   U.S. Dollar Index
33 2 0
Apparently some are waiting for US Dollar             to collapse! I'd rather think of a correction than a collapse. US economy is doing well anyway, why collapse?
Olu
2 years ago
Hi I am one of those waiting for a move down in the $. And I agree with you that coming from those low levels to where we are right now all we can hope to get is a big-ish' retracement before its off to the moon again. The American economy as described by its data is stronger than any other except China. And now China is starting to slow down big time. I dont think we can retrace to 90 though although nothing is impossible in these markets. Thanks for the idea
+1 Reply
Farid Olu
2 years ago
Thank for your comment on my chart. As you said, I don't see any "collapse" on US Dollar, just a correction that may take a while
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