Bank Of America Warns “The US Dollar Is In Trouble”

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note futures turning bullish back on Dec-26. Currently, the FX market – most specifically GBP – is breaking out and pressuring the US Dollar. Finally, the Japanese stock market continues to suffer, putting downward pressure on USDJPY and thus US Dollar weakness.

Via BofAML’s Macneil Curry,

Gold breaks pivotal resistanceL


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Gary A. Fowler
7 years ago

Manufacturing more of anything always makes it worth less, and eventually, worthless. Fed chief Yellen is, of course, continuing Bernanke’s policy of printing and dumping $65B per month into the big banks in exchange for toxic debt. The latest age of fiat paper currencies is coming to yet another end within our lifetimes, as they will all return to their intrinsic values, which is nothing.