Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
History has taught us more than a few things on the US Dollar, but for the sake of brevity this morning here are a few to remember:
- When the entire world is in a “Globally Synchronized Recovery”, the Dollar goes down vs. everyone else’s currency
- When #GrowthSlowing emerges globally and the US is still accelerating, the Dollar strengthens from its lows
So I have some reason to believe something that the market obviously doesn’t yet (or it wouldn’t be anchoring on Mnuchin headlines and taking the USD to lower-lows)… but I also have time. I need more data to be reported on the fundamental front too.
