It looks like Gustav weakening led to lower oil prices leading to stronger dollar-where will USD go from here?
It looks like the weakening of Gustav caused oil to fall and the dollar to strengthen, possibly hitting some support levels on the FX markets, are technicians bearish on the dollar as it is hitting the support levels and/or bullish on the Foreign Curr / USD ratios?
http://www.dailyfx.com/story/special_report/special_reports/Candlesticks_S ee_Dollar_Challenge_Multi_Year_1220416600771.html
What about fundamentals - - anyone from the fundamental side have any other input on this?
Answers
2703 points
MNSL answered 3 months ago …
There is only one way. USD will go up and up. In the fourth quarter, we will see rally in the stock market similar to bear rally.
Commodity currencies and prices will go down. Prices of Assets in the commodity-oriented countries will go down further.
Overvalued commodities, assets including art prices will come down in the next 02 years.
Yen, Pound, AUD, NZD, CAD, and Euro all will depreciate against USD.
Due to change of currency trend and commoidty trend there will be new economic problems in some countries. However some countries, consumers, comapnies and sectors will benefit most.
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