The US dollar was on a tear up until Oct 2 or so....I have been
waiting on this for weeks....topping of something important like
USD canbe a process, not an immediate plummet....do we end DXY with
this steep rising wedge?
Posted by DigiNomad on 26th of Oct 2023 at 12:22 pm
Yeah, screw the multinationals. I'll find true American
companies to invest in and enjoy my increased purchasing power.
And, I think we all know, they'll be just fine no matter
what.
Posted by DigiNomad on 26th of Oct 2023 at 12:29 pm
The relationship is typically the other way around. Global funds
seek yield. You have to buy dollars first before buying US debt.
Funds also seek safety, which likely explains the DXY move
today.
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The US dollar was on
Just in case a significant top is in place - ...
Posted by steveo on 26th of Oct 2023 at 12:18 pm
The US dollar was on a tear up until Oct 2 or so....I have been waiting on this for weeks....topping of something important like USD canbe a process, not an immediate plummet....do we end DXY with this steep rising wedge?
Hopefully the dollar remains strong.
Posted by DigiNomad on 26th of Oct 2023 at 12:19 pm
Hopefully the dollar remains strong. It's good for normal Americans.
But hurts as you know
Posted by rbreese on 26th of Oct 2023 at 12:20 pm
But hurts as you know multinationals a lot.
Yeah, screw the multinationals. I'll
Posted by DigiNomad on 26th of Oct 2023 at 12:22 pm
Yeah, screw the multinationals. I'll find true American companies to invest in and enjoy my increased purchasing power. And, I think we all know, they'll be just fine no matter what.
One plus with strong USD
Posted by rbreese on 26th of Oct 2023 at 12:25 pm
One plus with strong USD it may encourage more interest in US treasuries.
The relationship is typically the
Posted by DigiNomad on 26th of Oct 2023 at 12:29 pm
The relationship is typically the other way around. Global funds seek yield. You have to buy dollars first before buying US debt. Funds also seek safety, which likely explains the DXY move today.