US Dollar set to resume climb upwards

[Berkshire]

Most of you Americans may have noticed the USD, relative to the THB, has been in somewhat of a slumber.  For awhile there, I thought the USD was heading to 37.  But then it started to slide....which I take as the USD taking a breather.  Well according to some economists, it's ready to start heading north again.  One can only hope....555

 

[The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the past month as investors pulled back on expectations of an imminent U.S. recession.]

[“In the ugly contest, the U.S. is the least ugly,” considering signs that the world’s largest economy can keep expanding in the third quarter, Chandler said via phone. “The fundamental reason for the dollar’s uptrend resuming is that our rivals and competitors are hurting more than we are.”]

[A strong dollar tends to accompany tighter financial conditions in the U.S., while easing financial conditions typically sap the greenback’s strength.]

 

https://www.marketwatch.com/story/u-s-dollar-is-on-fire-and-slicing-through-key-technical-levels-like-a-hot-knife-in-butter-11660927489?siteid=yhoof2

[1FinickyOne]

Yeah - From your mouth to bitcoins ear...