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Yellen can not stop the dollar decline
Created on: 5/4/2021 3:11:49 PM

yellen-can-not-stop-the-dollar-declinePrinting money results in a lower currency, so long as the currency does not fall too fast.

Previous Post: US Dollar Forecast - Weakness

Here are the very strong fundamentals for a lower US dollar: 

(a) US inflation exploding.
(b) Massive US twin deficits.
(c) Better conditions in Europe.

However French election worries in 2022 Q1 and Q2 may provide US dollar strength (via European weakness) after Christmas, but this strength may come after a low in the DXY near $84.  

It looks like Yellen knows a down swing in the US dollar is near because today she jaw bones strength into the US dollar.


..."It may be that interest rates will have to rise a little bit to make sure our economy doesn't overheat''...


Update1: Yellen Reverses Earlier Hawkish Comments Entirely, Says "I'm Not Predicting Anything"



Or maybe she does not mind standing on Powell toes to goose up the US dollar to allow her WallStreet friends to load up on risk on assets before the dollar sinks.


Dollar chart 1 - Fundamentals are bearish.


DX2





Dollar chart 2 - Break down is near


DX1



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Ayn Rand

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