DTT Buzz

The US Dollar is getting hammered again today. Yesterday I pointed out that there was a key technical level of 1.40 with the EUR/USD. Today the EUR/USD passed 1.40. Another key technical level was passed in the USD/CAD. The USD/CAD are now equal.

Is the USD going to continue to see added downside pressure?

Thats the million dollar question. Hopefully we are seeing a bottom, because a devaluing of the USD is very inflationary, especially since Net Exports in the USA is negative.

The USA imports more than it exports, so if the the USD has less purchasing power, import prices will continue to rise. Cost Push inflation then results.


Happy Trading

Keith Greff Jr
Jr Trade Analyst