Good economic news this week, so the U.S. Dollar is strengthening, right? Wrong. Welcome to Opposite Land where everything makes sense if you look at it’s opposite. Employment numbers out today show a very high participation rate which is good, right?
Well, kinda. US stock markets are up but the Dollar is down, following the Fed’s interest rate cut to help bolster the economy.
Well, if “economy better” means a weakening Dollar then the Fed is all in for the race to the bottom. The only reason banks could have liquidity problems at this point in the bull run is because they’re not doing a good job at banking, but we’ll leave that for another day.