U.S. Dollar (/DX) at the Bottom of 52-Week Range

We are at the bottom end of a 52-week range in the U.S. Dollar, says Scott Shellady of AG Optimus. He thinks the high immediate demand for goods is greater than what the supply chain can keep up with, and thinks it will take about a year to get back to normal. Scott says the Euro (/6E) got a bump from the weakening U.S. Dollar and better indicators from their countries.

Futures

19 May 2021

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U.S. Dollar (/DX) at the Bottom of 52-Week Range

We are at the bottom end of a 52-week range in the U.S. Dollar, says Scott Shellady of AG Optimus. He thinks the high immediate demand for goods is greater than what the supply chain can keep up with, and thinks it will take about a year to get back to normal. Scott says the Euro (/6E) got a bump from the weakening U.S. Dollar and better indicators from their countries.

Futures

19 May 2021