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Wed12132017

Last updateSat, 29 Jul 2017 12am

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US Dollar hit bottom

On 2017-07-27, the key message from the Fed is that it is going to shrink the balance sheet "relatively soon".

The market sentiment appears that the most equity fund managers are bullish of the markets - VIX has been consistently low; whereas bond fund managers are cautious.  Most of the fund managers that long the dollar and they had been bleeding.

Personally, I believe that the dollar should have hit its bottom and the trend reversal should take place soon.