Loading ...My guess is the Dollar is in a short term temporary bounce, two weeks so far, and might even start dropping tomorrow. Keep in mind Dollar and Yuan are pegged. So dropping the dollar to help us export also helps the US corporations harbored in China, export from china too. In a sense USA and China are ONE big global vendor. But are they 50/50 or 25/75? It would be interesting to find out the export ratio of both countries, but not in Dollars or Yuan but in the bottom line, man hours of labor instead.
Down here you can see higher Dollar/Yuan for TWO years to help other countries export. Then second leg Dollar/Yuan DOWN for ONE year, 2018 low. Then a TWO year climb to early 2020.
So in my view its NOT VERY likely they will drive Dollar/Yuan back up after such a short term leg only 6 months down. March thru August. Just a 2-3 bounce up in a down trend. Soon it should turn tail and continue down, so we can ladder up on positions as Dollar drops back under 82 and $2300 Gold and $40 Silver.