Everyone hates the US Dollar - again.
The Fed is openly signaling to the markets that it is not going to stand by the buck. The current headline article at Bloomberg.com pertains to New York Fed president William Dudley's statements that inflation is too low, and unemployment is too high, for the Fed to stand by and watch as a passive observer. Get ready for more unconventional easing measures.
Which means the poor dollar is going to get thrown out the window as the Fed revs up the printing presses at full speed. There's no hope for the greenback!
Or is there? I feel like somebody's gotta stand up for the greenback. I also think there are some key points that the mainstream financial media is ignoring in presenting this one-way trade.
So, here's a three-fold contrarian case for the dollar.
1. Contrary to Popular Belief, the Dollar's Trend is UP
But don't just take it from me - look at the chart (click to enlarge):
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