Replies to post #28 on The US Dollar Index ($USD)

[Ataglance2]

I think what we are going to see for the next few weeks with the dollar is sideways tradingbetween.85-.83....after that unless something happens ,expect the dollar to trend down

[dr_praeses]

Good thinking there....IDK...I'm not biased to the move.

I think dollar could stand to rally more, but, again, gold can go to 0 now! LOL.

Looks / sounds to me like market is pricing in the increased likelihood of a rate hike rather than a cut. If this was indeed the case, perhaps inspiring some short covering on the part of speculators, then indeed the rallying would probably end soon and we could see either some consolidation or gradual grind down...