Wednesday, January 13, 2016

I think I was wrong about the dollar.



Source.
I thought the dollar was pretty much tapped out. While it is stronger then it's been in a decade, if you do a historical chart the dollar has gotten as high as 160.70. Currently it's at 98.89. As recently as the year 2000 it was at 120.65.

When you read twitter at night - you understand how important this is. The Asian market completely freaks out at night. Especially when people are basically shorting the Yuan to buy dollars. This will only make the dollar stronger. Making oil of course cheaper because oil is paid for in dollars.

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