The last 4 weeks have seen a 6% + strengthening of the US Dollar rate vs. the EURO! And since early December 8 short weeks ago that change is over nearly 11%!
There were reports about the overvalued EURO etc but this is pretty fast. Inventory you own are 11 % high in spot terms.
What a ride! Will it continue and to what level. Like the weather man on the news, look out the window and predict what you see to continue and you'll be right every day until you are wrong one day. Then change your forecast to be right again!
There is now no certain bottom. The fluctuations, like climate change, is going to have storms like we have not seen on our life times!
Enjoy the ride!
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