The USD has formed a bottom of some significance. How long will the bottom hold?

From Safehaven.com (by Toby Connor):

Despite my bias to see new all time lows in the dollar index, I think the dollar probably put in the three year cycle low last week. Sentiment at the time had reached multi-year lows and as of yesterday the dollar had moved back above the 50 day moving average.

If I’m right then this should usher in the next deflationary period just like the rally out of the ’08 three year cycle low signaled a coming recession, the next leg down for stocks in the ongoing secular bear market, and a collapse of the CRB into its 3 year cycle low.

Continued

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