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SW Ontario | This US dollar movement is really interesting; it could bode well for agriculture here in North America short term. The 10 year chart shows that it could go either way from here; some are still predicting it will go to 120 in the next two years. I don't believe it will because I feel Yellen and the Fed will engage in at least one more round of dollar printing before their term ends. More dollars, lower dollar index. I think the markets are currently speculating on this as they see less than stellar quarter 1 economic data. If this indeed does happen, say in the next six months, the downward trajectory continues. If the Fed holds firm, or even dares a small interest rate increase near term, the dollar goes up. Gotta love a market entirely dictated by Fed policy.
Edited by Bert 4/30/2015 21:00
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Dollar
