Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

Ok, Zeev. I am wondering if we are looking at a June type move in the dollar which ultimately tests the 200 day ema/sma. Last time we had a higher low in the dollar daily, that's what we did.

I don't really see anything fundamental that would suggest the dollar has bottomed. However, Canada did lower rates in response to the $CAD being too strong. If a few more jump on the bandwagon, it could halt the slide a bit.

IMO, we still should see 80-82, and I would be surprised if it were allowed to go lower. Amazing. Collective American wealth has dropped by a third in about a year.

GT