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Thread: US Dollar

  1. #1

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    Default US Dollar

    With some 50% of Americans having their wealth tied up in the stock market, a weaker dollar does have it's benefits.

    The commodity rally is another reason to believe the market may be looking toward a weaker dollar. Commodities are typically viewed as having an inverse relationship with the dollar, since the dollar is effectively the denominator of a hard asset. Gold prices are up more than 20% year to date, copper just traded to its highest level in more than two years, and silver prices have appreciated 28% this month alone.


    While a weaker U.S. dollar may be a slight negative for U.S. consumers’ buying power, for investors’ portfolios the implications are overwhelmingly positive. Commodities are rallying, U.S. multinational companies benefit from foreign buyers being able to afford more of their goods, and international stocks do well as their underlying currencies appreciate.
    https://www.barrons.com/articles/off...ec=market-view


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  3. #2

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    Default Re: US Dollar

    Stocks up on two big green candles for the USD this week. Those are the two biggest moves we've seen in... a while. New laws intended to boot Chinese listed companies is helping. Commercials net long for first time since around 2013. (See green line at bottom +10k).

    usd1.JPG

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  5. #3

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    Default Re: US Dollar

    Dollar index at least IT bottoming with a run to 96 in the works. Dollar index is very heavily weighted towards the EUR/USD trade.

    Below from Argus:

    Commercial hedgers (smart money) have one of their most bullish net futures positions in the dollar in over a decade, while large speculators have one their most-bearish positions since 2017 (just when USD bottomed).

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