The IMF announced China’s yuan may be added to its reserve currencies basket. Will this new world reserve currency finally dethrone King Dollar?
The impact of the strong dollar has hit America’s economy. And with an earnings recession looming, it’s time to prepare for the dollar’s approaching reversal.
The US dollar has soared, but its fall is inevitable. Fortunately, not only can you escape the dollar’s decline, you can actually profit from its fall.
I like to think that as Janet Yellen goes about her day she often hums the Police’s “Wrapped Around Your Finger,” in particular the opening line, “You consider me the young apprentice, caught between the Scylla and Charybdis.” Such an apt description of where the Fed Chair today finds herself and her compatriots on the […]
Below is, perhaps, the single greatest chart in the history of the U.S. dollar. To stock market technicians, that’s the mother of all “descending wedge” patterns. It’s the U.S. Dollar Index, as measured and reported monthly by the Treasury Department, going back more than four decades. Where our buck goes from here will say a […]