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Dec 18 2020

A Dollar Bust Is An EM Boom!

  • Dec 18, 2020

The trade-weighted U.S. Dollar Index (DXY) has been weak since mid-May. This week’s downside pressure has pushed it below 90—within an eyelash of its early-2018 bottom. If it breaches the 2018 low, there is very little technical resistance until it moves down to near 80. This year, the dollar peaked above 100, so a drop to 80 would represent a significant 20% cheapening in just a few months.


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About The Author

James Paulsen / Chief Investment Strategist