Tuesday, October 14, 2014

Turmoil in markets cause US Dollar to get stronger

The US dollar is partially gaining strength because there is turmoil in the markets; people are worried about the Middle East, Russia, and when people are worried, they quickly resort to the US dollar to make payments. The US dollar is not safe haven anymore, but people don't understand that. 

As long as there is turmoil in the world, the dollar will go higher and higher, and this will hurt many countries and economies. And my plan is when the dollar goes higher and higher, I will sell the US dollar.

VIA Interview from Economic Times http://economictimes.indiatimes.com/articleshow/44531226.cms