The US Dollar is the global reserve currency. That is not changing anytime soon despite what most Gold bugs and Bitcoin shills would have you believe. The global economic situation continues to worsen. Unemployment is on the rise. Businesses are shutting down. People are losing their jobs. All the optimism in the stock market that we see at the moment is misplaced. As I have mentioned before, this is just a ploy to sucker in retailers while the big guys cash out. As things continue to worsen, we would see more and more investors cash out and the demand for the US Dollar will continue to rise and therefore the Dollar Currency Index would rally at least for the remainder of this year. Barring a swift economic recovery in the stock market after a sharp imminent correction, I expect DXY to rally for the next couple of years.
LEARNING NEVER STOPS.
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LEARNING NEVER STOPS.
If you liked this analysis, please give it a thumbs up. Follow for more. Good luck! :')