Loading ...They interviewed a professional currency strategist on Bloomberg. He said something like the charts and present goings on, may help the dollar go slightly higher, near term, but they were confident that fundamentals would push the dollar lower.
There was also mention of a “currency policy”. We all know what that means. TPTB are able to manipulate currency values. So, what ever they are doing, its just them buying time. They probably KNOW another down turn is near,
so getting the dollar nice and high, (to help Europe etc for now) then drop the dollar later during a US economic slowdown for a “punch bowl effect” for the US economy and those suffering emerging markets that can’t handle a strong dollar.
TPTB have a very complicated situation on their hands. The bit off more than they can chew or swallow when they integrated everything globally. Unwinding this mess is going to be very disruptive.