Often we discuss how Ben Bernanke and the policies of the Federal Reserve have destroyed the US dollar and driven up food and fuel prices. The correlation risk involving the dollar is strong no doubt, with yesterday’s slide in oil attributed to a move in the dollar and rumors of the Strategic Petroleum Reserves opening up. But just how far has the dollar fallen in the past three months? Take a look at the chart below for your answer:
Takeaway: Unless central planners change, the dollar is likely to continue falling further.