Opening Statement from the July 2017 CCPM Forecaster 

Opening Statement from the July 2017 CCPM Forecaster 

Originally published on July 2, 2017 

US Dollar

The relative strength of the US dollar is important for many obvious reasons. Because the US is home to the world’s most dominant economy, the relative strength or weakness of the US dollar can cause major shifts in global trade and capital market fund flows. US dollar strength also impacts multinational corporations based in the US with significant business overseas. Additionally, commodities (including oil and precious metals) are priced largely in US dollars. Finally, we cannot forget that most nations peg their currencies in opposition to the US dollar such that a rising dollar tends to create downward forces on other currencies.

Currencies rise and fall based on an interplay of a huge list of variables such as...