US Dollar (USD) has hit its all time low last night against the Euro. So, expect more downside for the USD in the near term. However, over the longer term, I believe that the USD is on its final 5th wave down. The 5th wave is the terminal wave for its rally/decline. After this wave is done, I see the USD rebounding strongly.
How would this affect the equities? I believe that the stronger USD would help lift the US market out of its doldrum, even if it is only for a 2-6month period. And if Wall St climbs, regional markets around Asia would also follow suit. I see positive signs for the global equities market in the short 2-6month period.
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