US Dollar

The argument here for the past 6-7 years is that the dollar should rise over the long term because
trade fundamentals will run in the US's favor and dollar outflows through the trade window will
slacken. I have envisioned a slow process of USD recovery with the Buck  settling in at 100
by 2020. On fundamental grounds, I see it as reasonable now in the 92 - 93 area. USD Weekly

The dollar has been retreating from a very heavy overbought position reached at year's end 2016
and continues in a clear downtrend, heading for intermediate term support at a little below the
94 level. The fun part here is that with the negative sentiment intact, it is reaching one of the
deeper oversold positions it has attained in recent years. Trading the $ is has not been my cup of
tea, but it should be enjoyable to see if there is a rally in the USD before too long.