I’m gonna throw my hat in the ring on this one: I believe the US dollar is about to bottom here (against the euro, for example). The dollar sentiment is more bearish than ever, and this is usually a telling sign. Also, by “here”, I don’t mean today or tomorrow. Let’s just say I believe 5 years down the road the dollar index will be higher than it is today. Perhaps much higher.
PS: I have no money riding on this; it is just my opinion.
PPS: it’s likely the dollar will still go lower against the yuan, as China will have to revalue at some point.
