The Dollar Breakdown: A Sign of Inflation to Come?

Posted by Sprott Global

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Recently, we saw the dollar index (the DXY), which measures the USD against a basket of the world’s major currencies, break below its support of 91 for the first time since January of 2015 (Figure 1). This event may signal the most important trend of 2018: the breakdown of the dollar.

The recent drop of .96 percent was the second largest drop in over a year and caught many traders by surprise…

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