For just about a month now the US dollar has been in an upward trajectory however, I believe a short term top for the dollar may be in.
The recent dollar strength has been driven on speculation that the Federal Reserve is going to begin some kind of monetary tightening cycle, however I personally and sincerely doubt this is going to happen in any meaningful way.
What this means is the recent dollar strength will soon drop off.
The Federal Reserve continues to make it very clear that despite month after month after month of missing their inflation targets, they are still determined to hit them-so the logical conclusion is the recent dollar strength will give way to weakness.
So how do we play this?
Simple.
Continue to bet against the dollar by holding dollar alternatives like gold, silver, and yes cryptocurrency’s.
Gregory Mannarino
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