I don't know.
What I do know is that short dollar is one of the most crowded trades in the world and I would expect that sometime in this quarter we will see a rip-your-face-off rally.
On a macro level the decline of the buck has been good for emerging markets and non-U.S. companies who have debt denominated in dollars.
From Kimble Charting Solutions, January 5:
The U.S. Dollar got hit hard in 2020, declining nearly 7 percent (year over year) and as much as 12 percent from peak to trough during year.
This weakness in King Dollar has been a tailwind for commodities and stocks alike. See my recent articles on Silver out-performance as well as the Dow Industrials rally reaching key Fib level....
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Front futures 89.70.
