I wrote about the Dollar Index (DXY) in early April, saying, "I don't know what economic circumstances will turn the dollar lower but I would be cautious about its strength continuing for much longer."
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That's why I have my eyes on a bullish dollar ETF in hopes of spotting a bearish reversal.
Let's look at just how much lower we can go, how much higher rates can rise and what's flying in the U.K. and Japan.
The central bank needs to restore price stability while preserving the strength of the US dollar for the long-term good of the economy.