Strong DX is hurting exports.....including on grains!

https://www.marketforum.com/forum/topic/89427/#89499

How U.S. Companies Suffer From A Strong Dollar

https://www.forbes.com/sites/qai/2022/08/22/how-us-companies-suffer-from-a-strong-dollar/?sh=45df9f3315e0

  The speculator in me suggests today $ tops 

Thanks tjc!

It may have already topped???

Confirmation would be decidedly breaking the uptrend.

All time highs were just under 120 in 2001/2002!

https://www.marketwatch.com/investing/index/dxy/charts

DX 1 year chart below

DX 5 years below

DX 35 years below

the buck going up, and interest rates going up,... is horrendous for 3rd world countries.  this makes it exponentially harder for them to pay their debts that are often owed in dollars.  

there will be more examples of sri lanka in the coming year.  countries will have a currency crisis, or bond market crisis, or both.  as an economy collapses, they have massive revolts, protests, in the streets.  

and they won't admit the real problem,  which is too many years of too much debt, too much socialism, too much spending, too much bureaucracy, debasing the currency, etc.  

instead they will blame the problem on corrupt officials.  the current leader is getting blamed,  but it was a problem years in the making.  

the problem could have been prevented if they had... balanced their budget year after year, and kept taxes low, and kept spending levels low.  

if they had a gold standard, low taxes, and balanced budgets,  then they would NOT be currently having a bond market crisis, and currency crisis.  

October 10, 20222:38 PM CDT Last Updated 21 min ago

U.S. dollar advances as investors look to inflation data this week

https://www.reuters.com/markets/europe/dollar-steady-case-us-rate-hikes-firms-2022-10-10/

• Strong U.S. jobs, high CPI forecast strengthen rate hike bets
• Fed's Evans: Possible to push inflation down without recession
• Bank of England expands support for financial markets
• Dollar/yen nears 24-year peak; traders look out for Japan action
• Aussie hits 2-1/2-year low vs U.S. dollar

NEW YORK, Oct 10 (Reuters) - The U.S. dollar rose for a fourth straight session on Monday as investors looked to inflation data later this week that is likely to show that price pressures remain elevated in the world's largest economy, keeping the Federal Reserve's aggressive monetary policy on track to continue until next year.