On January 5 we linked to Kimble Charting Solutions:
"Is the US Dollar About To Collapse or Rally?"
Which gave me a chance to put on the prognosticator hat
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....
That was at 89.70 on the dollar index futures. (bolding in original)
Today the futures are at 92.35 and it looks like things might just play out:
