Loading ...My guess is TPTB will BOP IT DOWN soon. The margined futures players and opinions that drove it up will get punished. Everyone was wrong about Trump and Brexit, and they are all wrong to bet on the dollar going higher.
The US Dollar does not have a mind of its own. It does what the US Fed wants it to do. Sometimes they want it higher to Temporarily help Europe and Japan, but since 2008, the USA has big debt, big budget deficits, low wages and poor domestic business priority.
The situation globally is very simple.
This Dot Com Dollar Spike CAN’T be a new up-trend. Buy the gold dip can’t hurt.
http://finviz.com/futures_charts.ashx?t=DX&p=h1