Tuesday, November 4, 2014

U.S. Dollar: The Uptrend Needs a Rest

As for the near term, the U.S. dollar has gone straight up in the last few weeks, to my delight. But anything that goes straight up like that, usually needs to have a rest.

I am very bad at market timing but I would expect to be a rest in the U.S. dollar before it resumes its uptrend over the next year or two.

Related trading instruments: EURUSD forex, AUDUSD forex, USDJPY forex, USDCAD forex;

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).