Why I Sell the Dollar: From Dollar Strength to Dollar Weakness – Axel Merk
Axel Merk, Merk InvestmentsÂ
November 12th, 2013
Q3 of 2013 marked a peak and reversal of direction for the dollar. The notable strength in the dollar during Q2 turned into an equally prominent weakness in Q3 compared to a basket of foreign currencies. All of the G10 currencies strengthened against the dollar during Q3, while the price of gold rose more than 7%. See attached chart for the performance of the U.S. Dollar Index for the year through 10/31/2013.
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