CHART: US Dollar Index, 2012 vs. 19963 June, 2012, 14:42. Posted by Zarathustra
Tags: US dollar
I have made it rather clear for quite a while that I am rather bullish on the US dollar despite quite a large number of people are constantly suggesting that in the long-run the US dollar is only going to go down due to quantitative easing.
The chart below shows the US dollar index (DXY) in two different periods. As it currently stands, the US dollar is probably at a 1996/1997 moment. We all know what has happened next (*).
(*) Asian Financial Crisis.