U.S. Dollar Over The Intermediate Term

pcoulter

What's everyone's opinion on the U.S. dollar for the rest of the year?
Longer term I'm definitely bearish, but I wouldn't be surprised to see a dollar rally given the bearish sentiment and interest rate hikes. People are buying dollars because of accelerating inflation, with the hopes of more interest rate hikes. This doesn't make sense to me but it's happening.

HenryTo · Posted: Thu Apr 28, 2005 5:16 pm Post subject: cool

Thanks normxxx, for the note. Do you have a source where I can see the estimates? Cool

normxxx · Newbie Joined: 31 Mar 2005 Posts: 3

Currently, it is estimated that there is some $1.3 trillion bet against the dollar. When that "bet" unwinds, look out above! Exclamation

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HenryTo · Posted: Thu Apr 28, 2005 2:22 pm Post subject: flight to quality

In the flight to quality scenario that I'm envisioning, investors will have to buy a lot of dollars when they take their money to (or back to) the U.S. Such a scenario will finally give the dollar a sustainable rally.

Commodities will collapse at the same time, IMHO.